St. Joseph's Healthcare Foundation Hamilton
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.
71%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.
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OVERVIEW
About St. Joseph's Healthcare Foundation Hamilton:
St. Joseph’s Healthcare Foundation Hamilton 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 almost six years and five months, which is outside of Ci’s reasonable range.
Founded in 1970, St. Joseph’s Healthcare Foundation Hamilton (SJHFH) raises money for St. Joseph’s Healthcare Hamilton hospital in Ontario. The charity grants to the hospital in four areas: research, capital and equipment, patient care programs, and education. SJHFH granted out $8.3m in the fiscal year ending in March (F2025).
Research received 45% ($3.7m) of grants in F2025. The charity funds research in fields such as prostate, kidney, and lung cancer; OCD; and robotic surgery. The funds supported 25 research studies in F2025. Since the charity began, it funded the development of 1,155 peer reviewed publications.
Capital and Equipment received 34% ($2.8m) of grants in F2025. The money was used to purchase 42 pieces of equipment, such as portable ultrasound units and emergency room stretchers. The hospital renovated its emergency department in F2025. It now has a CT Suite, a larger waiting room, and more patient care bays.
Patient Care Programs received 20% ($1.6m) of grants in F2025. The funds support the hospital’s mental health and addiction services, recreation initiatives, and patient comfort programs. The charity reports there are usually over 200,000 people visiting the mental health and addiction services clinics each year.
Education received 2% ($133k) of grants in F2025. The charity helps healthcare workers pay tuition for their certifications. It supported nearly 100 staff in F2025.
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Results and Impact
Ci did not find any quantified outcomes of SJHFH’s work. This may not completely reflect the charity’s results and impact.
St. Joseph’s Healthcare Foundation Hamilton is not yet rated on impact (n/r). This does not affect the star rating.
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Finances
St. Joseph’s Healthcare Foundation Hamilton’s audited financial statements follow activity-based costing, a best practice. The charity received $13.1m in donations and $2.1m in special event revenue in F2025. The total of $15.2m is 70% of revenue. It received $5.4m in investment income.
SJHFH granted $8.3m to the hospital in F2025, which is 38% of revenue. The charity ran a surplus of $8.7m, which is 40% of revenue. It spent $1.3m on fundraising, which is 9% of donations and $3.4m on administration, which is 21% of revenue, excluding investment income. For every dollar donated to the charity, 71 cents are available to go to the cause. This is within Ci’s reasonable range for overhead spending.
SJHFH has $60.3m in its reserves (cash and investments), and $10.2m are donor endowed. Excluding the donor-endowed funds, the charity’s reserves can cover program costs for almost six years and five months. This is outside of Ci’s reasonable range.
Updated on August 18, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
---|---|---|---|
Administrative costs as % of revenues | 20.9% | 20.5% | 23.2% |
Fundraising costs as % of donations | 8.5% | 8.4% | 10.0% |
Total overhead spending | 29.4% | 28.9% | 33.2% |
Program cost coverage (%) | 638.6% | 568.2% | 532.3% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
---|---|---|---|
Donations | 13,128 | 12,572 | 10,568 |
Special events | 2,120 | 2,033 | 1,760 |
Investment income | 5,399 | 3,457 | 221 |
Other income | 1,121 | 1,119 | 994 |
Total revenues | 21,767 | 19,181 | 13,543 |
Grants | 8,349 | 7,798 | 7,059 |
Administrative costs | 3,426 | 3,219 | 3,093 |
Fundraising costs | 1,295 | 1,228 | 1,232 |
Total spending | 13,070 | 12,246 | 11,384 |
Cash flow from operations | 8,697 | 6,935 | 2,159 |
Capital spending | 26 | 31 | 80 |
Funding reserves | 60,283 | 51,576 | 44,927 |
Note: 1. Ci adjusted for deferred donations, which affected donations by $60k in F2025, $6k in F2024, and $8k in F2023.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
3 |
$120k - $160k |
3 |
$80k - $120k |
3 |
$40k - $80k |
0 |
< $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: 905-521-6036