Saanich Peninsula Hospital 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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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OVERVIEW
About Saanich Peninsula Hospital Foundation:
Saanich Peninsula Hospital Foundation is a 2-star charity. It has a C- Results Reporting grade, which is below average. Its overhead costs are within Ci’s reasonable range. The charity’s reserves can cover program costs for nine years, which is outside of Ci’s reasonable range.
Founded in 1985, Saanich Peninsula Hospital Foundation (SPHF) raises funds to support the Saanich Peninsula and Southern Gulf Island Communities in BC. In the fiscal year ending in March (F2024), the charity spent $86k on programs, and granted $2.5m to Saanich Peninsula Hospital, Shoreline Medical Society, and Pacific Perinatal Foundation.
Capital Equipment received 44% ($1.1m) of grants in F2024. The money was used to purchase a Hologic Trident HD specimen radiography system. It is used for breast cancer surgeries. SPHF also mentions it purchased a C-arm, a surgical sterilizer, and ortho drills.
The charity reports 26% ($664k) of grants went to Long-Term Care, 13% ($326k) went to Primary Health Care, 4% ($107k) went to Education, 4% ($93k) went to Palliative Care, and 9% ($234k) went to other small projects. SPHF does not report quantified metrics for how this money was used.
Some of SPHF’s $86k in non-grant program spending went to a new initiative, Healthcare Assist Recruitment Program (HARP). The program supports family practice clinics in the Saanich Peninsula that are recruiting new physicians.
SPHF is currently running a campaign to raise $15.0m to renovate Saanich Peninsula Hospital’s Acute Care Unit. As of December 2024, $11.5m has been raised. There is no mention of this campaign in the charity’s audited financial statements.
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Results and Impact
SPHF’s HARP initiative resulted in five new physicians starting their practice in the Saanich Peninsula.
Saanich Peninsula Hospital Foundation is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
Saanich Peninsula Hospital Foundation’s audited financial statements follow activity-based costing, a best practice. The charity received $7.3m in donations in F2024, which is 82% of revenue. It received $1.6m in investment income.
SPHF spent $86k on its programs and granted out $2.5m in F2024. The total of $2.6m is 29% of revenue. The charity ran a surplus of $5.2m, which is 58% of revenue. It spent $607k on fundraising, which is 8% of donations, and $528k on administration, which is 7% of revenue. For every dollar donated to the charity, 85 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
SPHF has $25.3m in its reserves (cash and investments), and $3.3m are donor endowed. Excluding its donor-endowed funds, the charity’s reserves can cover program costs for nine years, which is outside of Ci’s reasonable range.
SPHF has a return on investment of 7% in F2024. Its five-year average is 4%.
Updated on July 31, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.2% | 8.3% | 11.8% |
| Fundraising costs as % of donations | 8.3% | 9.2% | 11.8% |
| Total overhead spending | 15.5% | 17.5% | 23.7% |
| Program cost coverage (%) | 901.2% | 556.6% | 1,014.6% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 7,330 | 5,562 | 3,744 |
| Goods in kind | 0 | 0 | 3 |
| Special events | 0 | 0 | 93 |
| Investment income | 1,634 | (86) | 334 |
| Total revenues | 8,964 | 5,476 | 4,173 |
| Program costs | 86 | 87 | 85 |
| Grants | 2,516 | 3,094 | 1,614 |
| Administrative costs | 528 | 460 | 454 |
| Fundraising costs | 607 | 513 | 454 |
| Total spending | 3,736 | 4,153 | 2,607 |
| Cash flow from operations | 5,228 | 1,323 | 1,566 |
| Capital spending | 229 | 4 | 3 |
| Funding reserves | 25,279 | 20,051 | 18,788 |
Note: 1. The charity’s audited financial statements included campaign revenues net of campaign expenses. Ci took the gross value, which affected both revenue and expenses by $287k in F2024, $225k in F2023, and $127k in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
1 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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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: 250-656-2948