Children's Hospital of Eastern Ontario 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.
61%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 61 cents are available for programs.
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OVERVIEW
About Children's Hospital of Eastern Ontario Foundation:
Children’s Hospitals of Eastern Ontario Foundation is a financially transparent 1-star charity. It has an average results reporting grade of B. Its overhead spending is outside Ci’s reasonable range. Its reserve funds can cover eleven years and two months of annual program costs.
Founded in 1974, Children’s Hospital of Eastern Ontario Foundation (CHEOF) aims to improve the well-being of children in Eastern Ontario and Western Quebec. CHEOF raises funds for the Children’s Hospital of Eastern Ontario (CHEO). This includes its main hospital building, the CHEO Research Institute, and the Roger Neilson House palliative care unit. The charity states that CHEO Emergency Department visits are up 126% in 2024. It also states that about 100 children were diagnosed with cancer at CHEO in 2024, and that number has been growing each year.
CHEOF funds three main programs, listed below. Charity Intelligence calculates CHEOF spent $16.9m on its grants to the hospital in 2024. The charity reports on 2024 results in its annual report and 2023 results in its impact reports.
Capital Equipment and Redevelopment received 45% of grant spending in 2024. CHEOF funds the purchase of new equipment and buildings for the hospital. CHEOF funded the renovation of the CHEO MRI suite in 2024. The renovation includes new decor, more space, and new equipment. As part of this, CHEOF funded the purchases of a new GE SIGNA Artist Evo MRI magnet. The MRI magnet uses AI deep learning technology to offer faster and more accurate diagnoses.
Research received 40% of grant spending in 2024. CHEOF funds research at the CHEO Research Institute. The charity states that donor funds supported 795 CHEO research studies in 2023. CHEO developed ThinkRare in 2023, which helps identify undiagnosed rare genetic diseases. It also conducted a concussion study with over 3,000 youth participants.
Programs and Services received 15% of program spending in 2024. The charity reports that CHEO receives over 700,000 visits per year. CHEOF reports that CHEO’s Emergency Department had 3,175 mental health visits in 2023. It also reports that CHEO nurses screened 874 children and youths for suicide. The charity supported 75 families with specialized equipment such as portable lifts in 2024. It also reports that the Dialectical Behaviour Therapy program supported 52 patients in 2024.
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Results and Impact
The ThinkRare algorithm identified seven patients with rare genetic diseases in 2024. CHEOF reports this allowed for improved medical management and access to resources.
CHEOF reports that the new GE SIGNA Artist Evo MRI magnet saves time for complex cases where a head scan is needed. With the magnet, one four-minute scan is needed. Previously, six scans were needed that each lasted between two to five minutes.
A new trial conducted at CHEO studied the effect of a one hour increase in sleep duration in adolescents at high risk of type two diabetes. Those with an hour of extra sleep per night had insulin sensitivity improve by 20% compared to those with normal sleep.
While Ci highlights these key results, they may not completely represent Children’s Hospital of Eastern Ontario Foundation’s results and impact.
Charity Intelligence has not yet rated CHEOF on impact (n/r). This does not affect the star rating.
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Finances
CHEOF’s audited financial statements follow activity-based costing, a best practice. Its expenses are clearly defined between program, administrative, and fundraising categories.
In 2024 CHEOF received $34.6m in donations. Administrative costs are 5% of revenues (excluding investment income). Fundraising costs are 34% of donations. This results in total overhead spending of 39%. For every dollar donated, 61 cents are available to go to the cause. This falls outside Ci’s reasonable range for overhead spending.
In 2024 CHOEF spent $16.9m on its grants, which is 25% of its revenue. In 2024 it had a surplus of $35.7m, which is 53% of its revenue.
CHEOF has $205.6m in reserve funds (cash and investments). Excluding $37.8m in donor-endowed funds, the net funding reserves can cover 1120%, or eleven years and two months of program costs. In 2024, the annual return on investment for CHEOF was 12%. Its five-year annual return on investment is 7%.
CHEOF has made grant commitments of $26.9 million to be paid out of its reserve funds and future revenues. In 2023, CHEOF had grant commitments of $20.9 million. CHEOF's board of directors has approved a capital campaign for CHEO Hospital's infrastructure redevelopment over the 12 years 2023-2035.
This charity report is an update that has been sent for review to Children’s Hospital of Eastern Ontario Foundation. Changes and edits may be forthcoming.
Updated on August 8, 2025, by Grady Simpson.
Financial Review
Fiscal year ending December
|
2024 | 2023 | 2022 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.9% | 4.9% | 5.1% |
| Fundraising costs as % of donations | 34.4% | 27.0% | 20.9% |
| Total overhead spending | 39.3% | 31.8% | 26.0% |
| Program cost coverage (%) | 1,119.9% | 943.6% | 688.3% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
|---|---|---|---|
| Donations | 34,597 | 29,553 | 30,323 |
| Goods in kind | 454 | 416 | 58 |
| Lotteries (net) | 5,488 | 6,015 | 7,783 |
| Business activities (net) | 3,442 | 3,096 | 2,621 |
| Investment income | 23,118 | 14,294 | (8,680) |
| Total revenues | 67,100 | 53,374 | 32,104 |
| Grants | 16,874 | 16,125 | 18,169 |
| Donated goods exp | 454 | 416 | 58 |
| Administrative costs | 2,158 | 1,903 | 2,076 |
| Fundraising costs | 11,889 | 7,972 | 6,334 |
| Total spending | 31,377 | 26,417 | 26,637 |
| Cash flow from operations | 35,723 | 26,957 | 5,467 |
| Capital spending | 40 | 50 | 106 |
| Funding reserves | 205,631 | 168,923 | 142,484 |
Note: Parking expenses: Ci reported parking revenues net of expenses. This affected revenues and expenses by ($960k) in 2024, ($921k) in 2023, and ($1.0m) in 2022. Lotteries: Ci reported lotteries net of lottery expenses. This affected revenues and expenses by ($8.0m) in 2024, ($7.4m) in 2023, and ($8.1m) in 2022. Amortization: Ci removed amortization from administrative costs. Change in payables to related parties: Ci adjusted for change in payables to related parties. This affected expenses by ($6.3m) in 2024, $1.1m in 2023, and $945k in 2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
4 |
$120k - $160k |
2 |
$80k - $120k |
3 |
$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
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