Baycrest Hospital
Publicly funded institution · North York, Ontario · BN 118800614RR0002 · Core Health Care
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($183,021,622) as filed with the CRA.
Baycrest Hospital is a charitable organization based in North York, Ontario, classified by the CRA under core health care. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $188.4M in revenue and $183M in expenditures.
Its funding that year was roughly 80% from government. Government funding is the majority of its budget. In 2024, 11 other registered charities reported granting it a combined $10.1M.
Compared with 538 health institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 25% of peers. Its highest-paid positions fell in the $350,000 and over range (2 positions in that band). The charity reported 1,002 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $81.9M in 2020 to $188.4M in 2024. Its filed list of directors and trustees shows 14 names.
In its own words
Baycrest hospital [the 'hospital'] operates complex continuing care mental health and rehabilitation programs and a long-term care facility. The hospital is incorporated under the laws of ontario. The hospital is a registered charity under the income tax act and accordingly is exempt from income taxes provided certain requirements of the income tax act (canada) are met. Baycrest is recognized as a global leader in innovative care delivery and cutting-edge cognitive neuroscience. Fully affiliated with the university of toronto baycrest is among the world’s most respected academic health …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $188.4M | $183M | $159.2M | — | — | -$10.1M |
| 2023 | $164.3M | $169.7M | $147.6M | — | — | -$11.8M |
| 2022 | $88.5M | $85M | $74M | — | — | -$1.6M |
| 2021 | $123.4M | $84M | $73.1M | — | — | $564K |
| 2020 | $81.9M | $76.5M | $66.6M | — | — | -$35M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $10.1M from 11 charities:
- The Baycrest Centre Foundation$6.4M
- Baycrest Corporate Centre for Geriatric CARE$3.7M
- Irving and Molly Levins Foundation$48K
- Canadahelps Canadon$1,424
- GiftPact Foundation Inc.$1,000
- Canadian Online Giving Foundation$856
- Canada Gives$500
- The GRA Charitable Trust$240
- The Jay and Barbara Hennick Family Foundation$104
- The Freedman-Feinstein Family Foundation$19
- My Tribute Gift Foundation—
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $350,000 and over2 positions
- $300,000–349,9991 position
- $250,000–299,9994 positions
- $200,000–249,9993 positions
- Permanent full-time positions1,002
- Total compensation, all staff$127.4M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Gordon Nelson (director); Margot Da Costa (director); Michael Borrie (director); Amy Flaster (director); Barbara Gold (director); Ian Gary Naglie (director); Scott Ovenden (director); Annamie Paul (director); Rulan Parekh (director); Lorie Shekter-Wolfson (director); Kenneth Wiener (director); Jakov Zaidman (director); Brian Mirsky (chair); Nicolaas Paul Leonard Gerrit Verhoeff (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Baycrest Hospital’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118800614RR0002), or read how we compute the receipt.