Surrey Food Bank
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.
A-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Good
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About Surrey Food Bank:
Surrey Food Bank Society is a 5-star rated charity. It is financially transparent and has a strong A- results reporting grade and Good demonstrated impact. The charity has $1.8m in funding reserves that can cover 1.6 years of programs.
Founded in 1981, Surrey Food Bank Society (Surrey Food Bank) provides food to families living in Surrey and North Delta, BC. Surrey Food Bank also connects its clients with other community services and partner organizations to help its clients become self-sufficient. The charity partners with Surrey Libraries, Centre for Child Development, Fraser Health, and more.
Surrey Food Bank distributed 1,396,000 pounds of food in F2021. The charity states that it served 120 families a day and 14,000 people a month in F2021. 44% of Surrey Food Bank’s clients are children and 20% are over the age of 50.
Surrey Food Bank distributes general food hampers to registered clients, hampers for pregnant women or families with young children, and hampers designed for seniors. In F2021, Surrey Food Bank distributed 2,046 hampers for toddlers and 5,895 Pre-K packages. The charity also delivers hampers to clients' homes for those who cannot access the food bank.
Surrey Food Bank’s Tiny Bundles program is specifically designed for pregnant moms and families with babies ages newborn to one year. In F2021, the charity distributed 9,080 diapers. It also provided 123 Layettes and 135 Grad Gifts.
In F2020, Surrey Food Bank moved into a new warehouse in Newton. The building is 23,000 square feet which is triple the size of the previous space.
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Results and Impact
In F2021, Surrey Food Bank provided 42,783 hampers to families in need. It additionally distributed 3,132 cans of formula and 21,000 meals and snacks.
While Ci highlights these key results, they may not be a complete representation of Surrey Food Bank’s results.
Charity Intelligence has rated Surrey Food Bank as Good impact based on demonstrated social impact per dollar spent.
Impact Rating: Good
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Finances
Surrey Food Bank Society received donations of $2.9m in F2021. It also received $3.7m worth of donated food. Administrative costs are 6% of revenues (less investment income) and fundraising costs are 4% of donations. This results in overhead spending of 10%. For every dollar donated, 90 cents goes to the cause. This falls within Ci’s reasonable range for overhead spending.
Surrey Food Bank has funding reserves of $1.8m. This is a 218% increase in funding reserves from F2020. The charity can cover 1.6 years of program costs with existing reserves.
Ci has sent this profile update to Surrey Food Bank for review. Changes and edits may be forthcoming.
Updated on July 12, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending September
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.0% | 3.1% | 4.1% |
| Fundraising costs as % of donations | 4.3% | 3.5% | 9.5% |
| Total overhead spending | 10.3% | 6.6% | 13.6% |
| Program cost coverage (%) | 160.4% | 50.1% | 14.7% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 2,946 | 3,232 | 1,463 |
| Goods in kind | 3,658 | 3,603 | 4,130 |
| Government funding | 54 | 140 | 85 |
| Fees for service | 104 | 86 | 145 |
| Business activities (net) | 0 | 12 | 27 |
| Investment income | 33 | 30 | 80 |
| Other income | 3 | 3 | 7 |
| Total revenues | 6,799 | 7,106 | 5,937 |
| Program costs | 1,108 | 1,115 | 2,809 |
| Donated goods exp | 3,658 | 3,603 | 4,130 |
| Administrative costs | 407 | 219 | 238 |
| Fundraising costs | 127 | 112 | 139 |
| Total spending | 5,300 | 5,048 | 7,317 |
| Cash flow from operations | 1,499 | 2,057 | (1,380) |
| Capital spending | 168 | 5,599 | 271 |
| Funding reserves | 1,778 | 559 | 412 |
Note: To report on a cash basis, Ci adjusted donations to exclude amortization of deferred income. This decreased total revenues by ($59k) in F2021, ($74k) in F2020, and ($60k) in F2019. Surrey Food Bank does not include donated food in its financial statements. Ci included the cost of donated food, impacting total revenue and expenses by $3.7m in F2021, $3.6m in F2020, and $4.1m in F2019. Ci reported program, administrative, and fundraising costs from the charity’s T3010 filings with the CRA. Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
8 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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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: 604-581-5443