Ronald McDonald House Montreal
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
D+
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.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
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OVERVIEW
About Ronald McDonald House Montreal:
Ronald McDonald House Montreal is a one-star charity that is not financially transparent. It has a D+ results reporting grade, which is well below average. For every dollar donated to the charity, 98 cents are available to go to the cause, which is outside Ci's reasonable range. The charity has reserves that can cover over 19 years of its annual program costs. Read Ci's report before donating to this charity.
Founded in 1982, Ronald McDonald House Montreal, also known as Fondation des Amis de L'enfance Montreal Inc., accommodates families of ill children while they receive treatment in Montreal hospitals. Ronald McDonald House Montreal is one of 15 Ronald McDonald Houses in Canada.
Ronald McDonald House Montreal’s House has 50 bedrooms each with a double bed, a single bed, and a full bathroom. The charity operates on land owned by Sainte-Justine Hospital. The house is a five-minute walk to the hospital.
Ronald McDonald House Montreal charges families $10 per night and gives sick children the opportunity to live with their families while receiving treatment. The house includes sleeping quarters, a kitchen, laundry facilities, a media room and a kids playroom. Families must live at least 70 km away from Montreal to be eligible for the house.
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Results and Impact
The charity has not provided any quantified outcomes on its website. This charity is not yet rated on impact (n/r).
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Finances
Ronald McDonald House Montreal is not financially transparent. Its audited financial statements are not posted on its website nor provided when requested. Charity Intelligence's financial review uses the 2021 audited financial statements. This is the most recent information we have received from the Charities Directorate from our request for information. The Charities Directorate has redacted Ronald McDonald House Montreal’s auditor and a related party.
Ronald McDonald House Montreal has donations and special events revenues of $1.6m in F2021. The charity also received $215k in government funding, representing 8% of total revenue. Administrative costs are 1% of revenue (excluding investment income), and reported fundraising costs are less than 1% of donations. This results in total overhead spending of 2%. For every dollar donated to the charity, 98 cents are available to go to the cause, which is outside Ci’s reasonable range.
Ronald McDonald House Montreal has $14.6m in reserve funds. The charity’s reserves can cover 1935%, or 19 years and four months of its annual program costs. The charity’s $13.8m in investments earned $730k in investment income, representing a 5% annual return. Over the past five years, the charity’s investments have returned an average of 5%.
This charity report has been sent to Ronald McDonald House Montreal for review. Changes and edits may be forthcoming.
Updated on August 24, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending December
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.3% | 2.3% | 2.6% |
| Fundraising costs as % of donations | 0.3% | 6.7% | 20.9% |
| Total overhead spending | 1.6% | 9.0% | 23.5% |
| Program cost coverage (%) | 1,935.2% | 1,847.1% | 1,362.6% |
Summary Financial StatementsAll figures in $s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 1,535,076 | 1,255,747 | 1,602,948 |
| Government funding | 215,488 | 214,015 | 8,662 |
| Fees for service | 54,370 | 51,340 | 145,230 |
| Special events | 68,004 | 215,618 | 738,185 |
| Investment income | 730,424 | 1,038,200 | 949,698 |
| Other income | (4,120) | 36,760 | 4,510 |
| Total revenues | 2,599,242 | 2,811,680 | 3,449,233 |
| Program costs | 754,311 | 710,070 | 850,679 |
| Administrative costs | 23,568 | 40,328 | 64,145 |
| Fundraising costs | 5,152 | 99,037 | 489,993 |
| Total spending | 783,031 | 849,435 | 1,404,817 |
| Cash flow from operations | 1,816,211 | 1,962,245 | 2,044,416 |
| Capital spending | 38,274 | 83,916 | 20,945 |
| Funding reserves | 14,597,061 | 13,115,731 | 11,591,668 |
Note: To report on a cash basis, Ci adjusted for deferred donations, impacting revenue by ($4k) in F2021, $37k in F2020, and $5k in F2019. Ci included investment income, affecting revenue by $730k in F2021, $1.0m in F2020, and $950k in F2019.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
2 |
< $40k |
5 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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