555, boul. Roland-Therrien
Longeuil, QC J4H3Y9
Acting Executive Director: Martin Munger
Board Chair: Marie-Claude Bacon

Charitable Reg. #:12113 4316 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 5/5]

✔+

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.

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.

99%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 99 cents are available for programs.



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OVERVIEW

About Food Banks of Quebec:

Food Banks of Quebec is a 5-star rated, financially transparent charity. It has a strong reporting grade and its overhead spending is outside of Ci’s reasonable range. The charity has $5.9m in reserve funds, which can cover three months of program costs.

Founded in 1988, Food Banks of Quebec distributes food and grants to its network of food banks across the province of Quebec. It is a member of Food Banks Canada. The charity aims to fight food insecurity and provide nutritious food to vulnerable populations in Quebec. Food Banks of Quebec’s network consists of 19 Moisson members, 13 Associated members and 1,200 affiliated organizations. The Moisson members are regional food banks that collect and redistribute food to organizations in their area. The Associated members serve remote regions that are not covered by Moisson members. The affiliated organizations receive food from Moisson or Associated members and offer it directly to clients.

A Charity Intelligence 2024 Top 100 Rated Charity.

In Food Banks of Quebec’s 2022 Hunger Count, it reports that its network responded to 2.2 million monthly requests for food assistance, which is a 20% increase from 2021. It states that its network served 671,000 people each month, 34% of which were children. Food Banks of Quebec explains that food insecurity and demand for food banks has worsened in F2023 due to increased food prices.

The charity focuses on three main areas: Food Distribution to its network, Grants to its network and the Supermarket Food Collection program.

Food Distribution

In F2023, the charity reports distributing a total of 96.6 million lb of food to affiliated organizations. It distributed 42.3 million lb of food to Moisson members, a 31% increase from F2022. Food Banks of Quebec reports that the demand for food is rapidly outweighing the supply. To continue to provide enough food to its network, the charity has increased the amount of food it is purchasing itself. In F2023, it purchased 17.2 million lb of food to be redistributed.

Grants

Food Banks of Quebec grants money to member associations to support infrastructure development and increase their reach. In F2023, it granted to 32 members. In F2022, its biggest grants went to Moisson Montréal ($1.9m), Moisson Québec ($1.1m) and Moisson Rive-Sud ($894k). This data is not available for F2023 at the time of this profile update.

Supermarket Food Collection Program (Programme de récupération en supermarchés)

Food Banks of Quebec’s Supermarket Food Collection Program collects food from supermarkets and redistributes it to its network. The program reduces food waste and increases the amount and variety of food available across the food bank network. In F2023, the charity reports collecting 14.6 million pounds of food through the program, thanks to 581 participating stores. It adds that it collected 5% more food compared to F2021 and had an additional 105 stores join the program.

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Results and Impact

Food Banks of Quebec reports that it distributed 96.6 million lb of food to its affiliated organizations, which averages to 8.1 million lb of food distributed a month. It adds that it served 671,000 people a month. This means that the charity provides 12 pounds of food per person a month on average.

The charity adds that its Supermarket Food Collection Program helped avoid the emission of 3,623 tonnes of CO2.

While Charity Intelligence highlights these key results, they may not be a complete representation of Food Banks of Quebec's results and impacts.

This charity is not yet rated on demonstrated impact (n/r).

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Finances

Food Banks of Quebec is financially transparent. Its audited financial statements are publicly available on its website.

Food Banks of Quebec received monetary donations and special events revenues of $7.0m in F2023. It also received government funding of $8.4m, representing 55% of monetary donations. The charity received food donations estimated at $57.2m, included below as goods in kind. Administrative costs are 1% of total revenues and fundraising costs are less than 1% of monetary donations. This means that for every dollar donated, 99 cents are available for programs. This is outside of Ci’s reasonable range of overhead spending. Food Banks of Quebec’s affiliated organizations run fundraising campaigns and the charity receives part of these funds.

Food Banks Canada has total reserve funds of $5.9m. Existing reserve funds can cover three months of program costs (excluding goods in kind), showing a need for funding.

The charity's 2023 employee compensation information is not yet available as its 2023 T3010 filing with the CRA is not public at the time of this profile update.

Ci has sent this profile update to Food Banks of Quebec for review. Changes and edits may be forthcoming.

Updated on June 27, 2023 by Victoria Allder.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Administrative costs as % of revenues 0.7%0.3%0.4%
Fundraising costs as % of donations 0.3%1.5%0.1%
Total overhead spending 1.0%1.9%0.5%
Program cost coverage (%) 24.9%100.9%20.5%

Summary Financial Statements

All figures in $000s
202320222021
Donations 6,7917,29127,874
Goods in kind 57,22076,12959,775
Government funding 8,443455467
Special events 170245249
Investment income 1761410
Other income 3,20713,036267
Total revenues 76,00897,17088,642
Program costs 15,7972,9623,010
Grants 7,8919,10922,816
Donated goods exp 57,22076,13059,775
Administrative costs 534317310
Fundraising costs 2111540
Total spending 81,46388,63285,950
Cash flow from operations (5,455)8,5382,692
Capital spending 000
Funding reserves 5,90012,1765,299

Note: Ci included the value of received and redistributed food as goods in kind, increasing revenues and expenses by $57.2m in F2023, $76.1m in F2022 and $60.0m in F2021. Ci reported program, administrative and fundraising costs in F2022 and F2021 from the charity's T3010 filing with the CRA. Ci adjusted for deferred government and non-government donations, affecting total revenue by ($8.9m) in F2023, ($4.3m) in F2022 and ($250k) in F2021. Ci did not include amortization in revenue, reducing revenue by $105k in F2023, $54k in F2022 and $54k in F2021. Ci reported deferred revenues collected in other revenues, as it is unclear from the audited financial statements whether these are government or non-government revenues.

Salary Information

Full-time staff: 8

Avg. compensation: $62,722

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
1
$40k - $80k
7
< $40k
1

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.banquesalimentaires.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 514 344-0789

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Charitable Registration Number: 80340 7956 RR0001