Heart Lung Foundation — Health Charity in Auckland
Heart Lung Foundation is a Trust charity in the Health sector, based in Auckland, Auckland. This organisation also provides funding to other charities. CharityData rates this charity F (31.5/100). Annual revenue: $6.6M NZD. 1 red flag detected. Financial data as at December 2024.
Mission: Heart Lung Foundation (formerly the GLREF) was established at Green Lane Hospital in 1971 and incorporated under the Charitable Trusts Act in 1976. The aim of GLREF is to advance medical education and research in the departments of Cardiology, Cardiothoracic Surgery, Paediatric Cardiology & Surgery, Cardiothoracic Anaesthesia and Respiratory Medicine, within the Auckland District Health Board.
- Registration Number
- CC21111
- Charity Type
- Trust
- Registration Date
- 2008-02-13
- Status
- Active
- CharityData Rating
- F (31.5/100)
- Sector
- Health
- Location
- Auckland, Auckland
- soconnell2@adhb.govt.nz
- Funder Status
- Grant-making charity (foundation)
- Data as at
- December 2024
Financial Summary
- Total Revenue
- $6.6M NZD
- Total Expenses
- $0.7M NZD
- Total Assets
- $23.8M NZD
- Net Assets
- $23.3M NZD
- Reserve Months
- 383.9 months of operating expenses
- Volunteers
- 2
- Financial Year End
- 2024-12-31
Financial History
| Year | Revenue | Expenses | Net Assets |
|---|---|---|---|
| 2024 | $6.6M | $0.7M | $23.3M |
| 2023 | $0.1M | $0.2M | $17.4M |
| 2022 | $0.1M | $0.1M | $17.1M |
| 2021 | $0.1M | $0.1M | $16.7M |
| 2020 | $0.3M | $0.2M | $16.8M |
| 2019 | $0.1M | $0.1M | $16.4M |
| 2018 | $0.3M | $0.1M | $15.6M |
| 2017 | $0.2M | $0.1M | $15.5M |
| 2016 | $0.2M | $0.1M | $15.2M |
| 2015 | $0.9M | $0.9M | $15.0M |
CharityData Rating
- Overall Grade
- F
- Overall Score
- 31.5/100
- Financial Score
- 50
- Governance Score
- 55
- Transparency Score
- 65
Red Flags
- Holding 383.9 months of expenses in reserves (23.3M), well above recommended maximum
Funding Sources
- Public Donations — $6,564,959 (individual)
Service Providers
- William Buck
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Heart Lung Foundation
CC21111Auckland, AucklandRegistered 13 Feb 2008
Data updated: Yesterday
Financials31 Dec 2024Ratingyesterday
Financial data as at December 2024. Sourced from Charities Services register.
F
32/100
Reduced by penalties
Financial
50
Governance
55
Transparency
65
Revenue
$6.6M
Expenses
$729.1K
Assets
$23.8M
Financial data from Charities Services annual return (FY2024). Ratings calculated using CharityData v3.0 methodology.
1 red flag identified- Review the Rating tab for details
This rating may reflect incomplete data
This charity's grade of Fis based on limited data from the NZ Charities Register, which does not provide detailed expense breakdowns. Without verified program vs admin spending, efficiency scoring is unavailable and the financial score relies on health metrics only. This charity's actual performance may differ from what the available data suggests.
Funder Profile
GrantmakerThis organisation makes grants or donations to other charities and organisations.
Funding Sectors
HealthEducationArts & Culture
Beneficiaries
Children
Geographic Focus
Auckland
About
Mission
Heart Lung Foundation (formerly the GLREF) was established at Green Lane Hospital in 1971 and incorporated under the Charitable Trusts Act in 1976. The aim of GLREF is to advance medical education and research in the departments of Cardiology, Cardiothoracic Surgery, Paediatric Cardiology & Surgery, Cardiothoracic Anaesthesia and Respiratory Medicine, within the Auckland District Health Board.
Key Statistics
Annual Revenue
$6.6M
Total Expenses
$729.1K
Net Assets
$23.3M
Staff
0
employees
Volunteers
2
Financial Trends
Financial Trends (17 Years)
Revenue Breakdown
Expense Breakdown
API DataBased on annual return data. Detailed program/admin breakdown not available.
Financial Health Dashboard
Cents to the Cause
100c
For every $1 spent, 100c reaches programs
Strong
Sustainability
73.4mo
Could operate 73.4 months with zero revenue
Over-capitalized
Fundraising Cost
-
No fundraising data
No data
Based on latest annual return data. Metrics are calculated from reported financial data and may not reflect the full picture. View methodology
Revenue Diversification
1
Score /100
Highly Concentrated
HHI: 9,861
High Concentration: 99% of revenue from Donations
Donations99.3%
Investment Income0.7%
HHI (Herfindahl–Hirschman Index) measures concentration across 6 income categories. Lower HHI = more diversified. Score above 60 indicates healthy diversification.
Peer Comparison
Ranked against 63 peers · Health · $1M – $10M
Rating Score
32
Revenue
$6.6M
Reserve Months
383.9
Surplus
$5.9M
Staff Cost %
0%
Top Peers in Group
Peers are charities in the same sector and revenue size band. Rankings are based on the latest available data.
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Claim This ProfileLatest Audit
FY2024Clean
Auditor
William BuckContact Details
Address
Auckland, Auckland
Registration
Registration NumberCC21111
Entity TypeTrust
Registered13 Feb 2008
StatusRegistered
Sector & Activities
Primary Sector
HealthData sourced from Charities Services register and publicly available annual returns. Our datasets may not be complete. Automated analysis can produce errors. Scores are calculated using disclosed methodology and are analytical tools, not investment ratings or recommendations. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice. Last updated: 17 April 2026.
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