Peterborough Regional Health Centre Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
C-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About Peterborough Regional Health Centre Foundation:
Peterborough Regional Health Centre Foundation is a 2-star charity with a below-average Results Reporting grade of C-. For every dollar donated, 81 cents are available to go towards the cause. Its reserve funds can cover 9 years and 6 months of annual program costs.
Founded in 1980, Peterborough Regional Health Centre Foundation (PRHC Foundation) raises funds for equipment, cancer care, and patient programs. It funds Peterborough Regional Health Centre (PRHC), which cares for up to 600,000 people across Peterborough and the Kawarthas annually. The charity’s vision is to transform patient care at PRHC. In fiscal 2024 (year ended March), PRHC Foundation granted $2.5m to PRHC. These grants went towards the purchase of equipment and patient care; however, PRHC Foundation did not provide a spending breakdown.
Equipment: PRHC Foundation provides funds for up-to-date equipment at PRHC. In F2023, PRHC Foundation purchased two new CT scanners. As of F2024, technologists have performed about 50,000 CT scans with the new machines. Peterborough Regional Health Centre Foundation reports that these new machines have a higher image quality and lower radiation dose.
Patient Care: PRHC reports that in a typical year it performs more than 1,000 vascular surgeries, 3,000 cardiac procedures, and 30,000 cardiac procedures. In F2023, there were 23,000 patient visits to the cancer clinic and 3,437 visits to the mental health and addictions crisis response unit.
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Results and Impact
Charity Intelligence found that Peterborough Regional Health Centre Foundation had many stories but no quantified data on its results. This may not be a complete representation of PRHC Foundation’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2024, PRHC Foundation received $10.2m in donations, up 36% from $7.5m in F2023. In F2024, combined administrative and fundraising costs are 19%. For every dollar donated, 81 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In F2024, PRHC Foundation granted $2.5m which represents 21% of total revenues.
In F2024, PRHC Foundation had investment income of $1.3m. The investment return in F2024 is 9%.
Peterborough Regional Health Centre Foundation has current reserve funds of $24.1m, of which $979k are donor endowed. Excluding the donor-endowed funds, the charity’s current reserve funds can cover nine years and six months of annual program costs.
Profile updated on July 30, 2024 by Abby Stout.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Fundraising & admin costs as % of revenues | 18.6% | 22.3% | 19.6% |
| Total overhead spending | 18.6% | 22.3% | 19.6% |
| Program cost coverage (%) | 951.2% | 355.4% | 326.0% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 10,205 | 7,514 | 7,632 |
| Business activities (net) | 162 | 163 | 52 |
| Investment income | 1,280 | 246 | 393 |
| Total revenues | 11,646 | 7,924 | 8,078 |
| Grants | 2,481 | 4,523 | 4,425 |
| Fundraising & administrative costs | 1,927 | 1,713 | 1,503 |
| Total spending | 4,408 | 6,236 | 5,928 |
| Cash flow from operations | 7,239 | 1,688 | 2,150 |
| Capital spending | 11 | 9 | 4 |
| Funding reserves | 24,111 | 16,811 | 15,178 |
Note: DEFERRED DONATIONS: To report on a cash basis, Ci adjusted for deferred donations. This affected total revenues by ($127k) in F2024, $29k in F2023, and ($41) in F2022. PAYABLE TO PRHC: Ci adjusted for the change in amounts payable to PRHC. This affected total expenses by ($1.3m) in F2024, ($540k) in F2023 and $78k in F2022. GRANTS: Ci included grants in expenses. This increased total expenses by $3.8m in F2024, $5.1m in F2023, and $4.3m in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
5 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 705-876-5000