Charity
Bright Vision Hospital
About
What does Bright Vision Hospital do?
A Charitable Institution Dedicated to Serving Elderly Patients with Compassionate Care Bright Vision Hospital is a charitable institution that focuses on providing healthcare services for elderly patients, aged above 60 years. The hospital caters to the needs of approximately 880 new patients annually, ensuring they receive top-notch care and attention during their stay, which typically lasts between two to three months. Our mission is to provide compassionate healthcare services that enhance the quality of life for our senior citizens, making a positive impact on society through philanthropy and giving back to the community.
Founded
2001
People
lim cheng teck, wong tien hua, cheng wai sam christopher, lee ka but, yam mow lam robert, tan ser kiat, teo chiang long, mable chan kam man, yatiman bin yusof @ yatiman bin naron, lee chien earn
Causes
Health & WellnessNo PovertyHighlights
- Donations are tax-deductible
- Registered Charity
- Established since 2001
- Published yearly Annual Reports
- Audited Financial Statements
Society Impact
- Improved Healthcare Accessibility: By serving 880 new patients a year, Bright Vision Hospital increases access to healthcare for elderly individuals who may have difficulty accessing medical services due to physical limitations or financial constraints.
- Reduced Burden on Public Health Services: The hospital's focus on treating the elderly population helps alleviate pressure on public health systems that often struggle with an aging demographic, allowing them to allocate resources more effectively.
- Enhanced Quality of Life for Patients and Caregivers: By providing specialized care for patients aged 60 years or older who typically stay at the hospital for about 2-3 months, Bright Vision Hospital contributes to improving their quality of life and that of their caregivers by ensuring they receive appropriate medical attention.
- Economic Imp
Donation Income
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Financials
Donation Income
What are the donations used for?
- Improved Healthcare Accessibility: By serving 880 new patients a year, Bright Vision Hospital increases access to healthcare for elderly individuals who may have difficulty accessing medical services due to physical limitations or financial constraints.
- Reduced Burden on Public Health Services: The hospital's focus on treating the elderly population helps alleviate pressure on public health systems that often struggle with an aging demographic, allowing them to allocate resources more effectively.
- Enhanced Quality of Life for Patients and Caregivers: By providing specialized care for patients aged 60 years or older who typically stay at the hospital for about 2-3 months, Bright Vision Hospital contributes to improving their quality of life and that of their caregivers by ensuring they receive appropriate medical attention.
- Economic Imp
Program Expense Ratio
This is the percentage of the charity's total expenses that are spent on its core programs. A higher percentage suggests that more money is going directly to the cause, rather than being spent on administrative or fundraising expenses.
Fundraising Efficiency
This indicates the cost to raise a single dollar. A lower cost suggests the charity is more efficient in its fundraising efforts.
Financial Information
Source: Charity PortalCharities and IPCs are required to prepare the financial statements in accordance to the Charities (Accounts and Annual Report) Regulations and the Charities (Institutions of A Public Character) Regulations, where applicable. The financial statement is available online for latest 3 financial years.
| Receipts | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations in Cash | |||
| Tax-Deductible | 311,886 | 739,061 | 699,400 |
| Non Tax-Deductible | 360,059 | 107,990 | 217,792 |
| Total Donations in Cash | 671,945 | 847,051 | 917,192 |
| Donations in Kind | |||
| Tax-Deductible | 0 | 0 | 0 |
| Non Tax-Deductible | 13,101 | 115 | 5,148 |
| Total Donations in Kind | 13,101 | 115 | 5,148 |
| Government Grants | 34,773,485 | 44,792,511 | 45,110,944 |
| Investment Income | 455,895 | 21,234 | 64,034 |
| Programme Fees | 2,152,239 | 4,077,077 | 1,477,597 |
| Others Income | 4,176,595 | 5,862,344 | 7,146,157 |
| Total Receipts | 42,243,260 | 55,600,332 | 54,721,072 |
| Capital in Nature | 0 | 0 | 0 |
| Expenses | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Fundraising Expenses | |||
| Fundraising Expenses | 124,182 | 195,966 | 177,354 |
| Charitable Activities/Programme Expenses | |||
| Local (Direct & Support) | 41,047,145 | 46,702,098 | 40,300,481 |
| Overseas (Direct & Support) | 0 | 0 | 0 |
| Charitable Activities/Programme Expenses | 41,047,145 | 46,702,098 | 40,300,481 |
| Expenses | |||
| Other Expenses | 253,892 | 123,629 | 251,129 |
| Total Expenditure | 41,425,219 | 47,021,693 | 40,728,964 |
| Balance Sheet | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Assets | |||
| Land and Buildings | 0 | 0 | 0 |
| Other Tangible Assets | 67,208 | 1,225,394 | 4,112,448 |
| Investments | 0 | 0 | 0 |
| Inventories | 0 | 208,552 | 170,740 |
| Account Receivables | 10,840,468 | 44,593,032 | 10,309,072 |
| Cash & Deposits | 42,074,196 | 16,248,393 | 35,413,579 |
| Other Assets | 0 | 1,053,287 | 1,256,787 |
| Total Assets | 52,981,872 | 63,328,658 | 51,262,626 |
| Funds | |||
| Total Unrestricted Funds | 45,124,824 | 44,306,783 | 35,728,144 |
| Total Restricted Funds | 0 | 730,458 | 802,306 |
| Endowments Funds | 0 | 0 | 0 |
| Total Funds and Reserves | 45,124,824 | 45,037,241 | 36,530,450 |
| Liabilities | |||
| Total Current Liabilities | 7,857,048 | 18,244,678 | 13,879,697 |
| Total Non-Current Liabilities | 0 | 46,739 | 852,479 |
| Total Liabilities | 7,857,048 | 18,291,417 | 14,732,176 |
| Total Funds and Liabilities | 52,981,872 | 63,328,658 | 51,262,626 |
| Other Information | Apr 2022 - Mar 2023(S$) | Apr 2021 - Mar 2022(S$) | Apr 2020 - Mar 2021(S$) |
|---|---|---|---|
| Donations, Grants and Sponsorships given to other registred charities | 0 | 0 | 0 |
| No. of Employees | 257 | 277 | 389 |
| Total Employee Cost | 13,753,333 | 20,372,599 | 24,660,872 |
| Fudnraisig Efficiency Ratio | 18 | 23 | 19 |
| Total Related Party Transactions | 13,651,842 | 13,605,220 | 417,852 |
People
At Bright Vision Hospital, individuals work together as a team to provide compassionate healthcare services specifically designed for elderly patients aged above 60 years. They strive to enhance the quality of life for senior citizens by offering top-notch care and attention during their stay, which typically lasts between two to three months. The hospital's mission is to make a positive impact on society through philanthropy and giving back to the community.
lim cheng teck
wong tien hua
cheng wai sam christopher
lee ka but
yam mow lam robert
tan ser kiat
teo chiang long
mable chan kam man
yatiman bin yusof @ yatiman bin naron
lee chien earn
News
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