Surrey Hospitals 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.
60%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.
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OVERVIEW
About Surrey Hospitals Foundation:
Surrey Hospitals Foundation is a 2-star charity with below-average Results Reporting. The charity holds reserves that can fund its grants for over 10 years. For every dollar donated, 60 cents are available to go to the cause, outside Ci's reasonable range.
Surrey Hospitals Foundation (SHF) works to improve the quality of healthcare in British Columbia’s Fraser Valley area. It grants money to three health centres in the community: Surrey Memorial Hospital, Jim Pattison Outpatient Care & Surgery Centre, and Czorny Alzheimer Centre. The Surrey Memorial Hospital has Canada’s busiest ER and a pediatric emergency department that serves the 41% of BC’s children. The Jim Pattison Centre provides surgery, diagnostic, and specialized health services to over 500,000 patients each year. The Czorny Alzheimer Centre is a home for 72 dementia patients.
In F2024, SHF granted $3.9m. With its grants, Surrey Hospitals Foundation funds Capital Equipment and Projects, Research and Education, and Patient Comfort Items.
Capital Equipment and Projects accounted for 69% of grants in F2024. The charity did not provide the total amount of equipment and projects it funded in F2024. SHF funded an integrated operating room system technology, mobile ultrasounds, advanced surgical tables, laser blue light laryngology, hydraulic chairs, optiflow, pediatric nasal therapy, radiographic unit, ablation systems for cardiac care, patient ceiling lifts, and the opening of Czorny Alzheimer Centre’s bakery.
Patient Comfort Items accounted for 14% of grants in F2024. SHF funds projects and items to improve patient quality of life. The charity did not quantify any of its activities in this program.
Research and Education accounted for 7% of grants in F2024. SHF helps advance projects in the health field and train doctors with new techniques. Since 2022, over 40 pediatric nurses at Surrey Memorial Hospital received the BMO Educational Nursing Grant.
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Results and Impact
Charity Intelligence found Surrey Hospitals Foundation reported many stories but few results on its work.
This charity is not yet rated on impact. This shows as n/r. This does not affect Surrey Hospitals Foundation’s score.
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Finances
Surrey Hospitals Foundation received $9.7m in donations in F2024. SHF spent $3.9m on its grants, which is 35% of revenue. The charity recorded a surplus of $3.3m, which is 30% of revenue.
SHF spent $1.1m on fundraising, which is 12% of donations, and $2.7m on administration, which is 28% of revenue (excluding investment income). Total overhead spending is 40%. For every dollar donated to the charity, 60 cents are available to go to the cause, which is outside Ci’s reasonable range.
SHF has $43.1m in reserve funds (cash and investments). The charity’s reserves can cover 1,065%, or ten years and eight months of its annual grant costs. This is outside Ci’s reasonable range.
The charity’s $35.0m in investments achieved a return of 4% in F2024. Over the past seven years, the charity’s investments averaged a return of 3%.
This report is an update that has been sent to Surrey Hospitals Foundation. Comments and edits may be forthcoming.
Updated on March 28, 2025 by Liam Chapleau.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 28.0% | 18.3% | 10.3% |
Fundraising costs as % of donations | 11.9% | 9.9% | 4.7% |
Total overhead spending | 39.8% | 28.2% | 15.0% |
Program cost coverage (%) | 1,064.8% | 440.1% | 803.2% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 9,664 | 10,765 | 15,258 |
Investment income | 1,380 | 1,108 | 812 |
Total revenues | 11,044 | 11,873 | 16,070 |
Grants | 3,883 | 8,132 | 4,608 |
Administrative costs | 2,703 | 1,969 | 1,572 |
Fundraising costs | 1,146 | 1,064 | 716 |
Total spending | 7,732 | 11,165 | 6,896 |
Cash flow from operations | 3,312 | 707 | 9,174 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 43,067 | 38,399 | 39,121 |
Note: 1. Fundraising and Administration: Charity Intelligence put the line item “Salaries, wages, and benefits” in administrative costs. It is likely that part of this cost contains fundraising costs. It is likely that fundraising costs are understated and administrative costs are overstated.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
2 |
$120k - $160k |
1 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $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: 604-588-3371