University Hospitals Kingston 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.
B-
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.
78%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 78 cents are available for programs.
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OVERVIEW
About University Hospitals Kingston Foundation:
University Hospitals Kingston Foundation is a 3-star charity with a below average results reporting grade of B-. For every dollar donated, 78 cents are available to go towards the cause. Its reserve funds can cover seven years and ten months of annual program costs.
Founded in 2005, University Hospitals Kingston Foundation (UHKF) raises funds for Kingston Health Sciences Centre (KHSC) and Providence Care Centre (PCC). Kingston Health Sciences Centre is made up of Kingston General Hospital and Hotel Dieu Hospital. In fiscal 2024 (year ended March), University Hospitals Kingston Foundation granted $6.5m to KHSC and $8.6m to PCC. These funds went towards infrastructure purchases, patient care, and research at both facilities, however UHKF did not provide a spending breakdown for these funds.
Infrastructure purchases: University Hospitals Kingston Foundation aims to transform healthcare at KHSC and PCC through the purchase of up-to-date equipment and infrastructure. In F2023 (most recent annual report at the time of this profile), UHKF purchased more than 100 pieces of equipment including one new CT scanner, two plasma thawing systems, and 13 next-generation ventilators.
Patient Care: Kingston General Hospital reports having over 60,000 emergency department visits and more than 180,000 outpatients each year. Providence Care reports having over 1,200 inpatients and 25,000 outpatients.
Research: UHKF invests money in research to learn about illnesses and find new treatments and innovative ways to improve the quality of healthcare at its hospitals.
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Results and Impact
In F2023, UHKF purchased two new plasma thawing systems. In massive bleeding emergencies, every one-minute delay of getting blood is associated with a 5% increase in death rate. The charity reports that these new machines have saved around 15 minutes in getting blood to patients.
In F2022, Kingston Health Science Centre’s surgical program became the first one in Canada to adopt new cardiac mapping technology. Traditional mapping systems were more time consuming than the new system which can map about one million points in the heart. This is helpful for finding and treating faulty heart tissue and seeing what is causing heart rhythms with more accuracy and efficiency than the previous system.
While Ci highlights these results, they may not be a complete representation of University Hospitals Kingston Foundation’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
In F2024, UHKF received $20.9m in donations, up 20% from $17.4m in F2023. In F2024, the charity had investment income of $11.5m which represents 35% of total revenues. Administrative costs are 9% of revenues (less investment income) and fundraising costs are 13% of donations. For every dollar donated, 78 cents are available to go towards the cause. This is within Ci’s reasonable range for overhead spending. In F2024, UHKF granted $12.1m which represents 37% of total revenues.
In F2024, University Hospitals Kingston Foundation had $141.2m in its reserve funds. These funds can cover seven years and ten months of annual granting.
On the charity’s 2023 T3010 filing with the CRA, UHKF only listed the top six employee compensation values, rather than the top ten.
Profile updated on August 1, 2024, by Abby Stout.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.5% | 7.5% | 4.8% |
| Fundraising costs as % of donations | 13.2% | 15.9% | 8.1% |
| Total overhead spending | 21.7% | 23.4% | 12.9% |
| Program cost coverage (%) | 1,162.5% | 821.6% | 2,908.7% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 20,853 | 17,386 | 29,498 |
| Investment income | 11,494 | 2,578 | 2,828 |
| Other income | 80 | 21 | 25 |
| Total revenues | 32,427 | 19,984 | 32,351 |
| Grants | 12,147 | 15,328 | 4,310 |
| Administrative costs | 1,775 | 1,299 | 1,430 |
| Fundraising costs | 2,748 | 2,766 | 2,384 |
| Total spending | 16,670 | 19,393 | 8,124 |
| Cash flow from operations | 15,757 | 591 | 24,227 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 141,210 | 125,929 | 125,371 |
Note: INVESTMENT FEES: To report investment income at net value, Ci removed investment management fees. This reduced total expenses by $461k in F2024, $413k in F2023, and $359k in F2022. RELATED PARTY TRANSACTIONS: Ci adjusted for the change in amounts payable to KHSC and PCC. This affected total expenses by ($3.0m) in F2024, $8.2m in F2023, and ($7.8m) in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
0 |
$80k - $120k |
4 |
$40k - $80k |
0 |
< $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: 613-549-5452