Loaves and Fishes Community Food Bank

210 Fry St
Nanaimo, BC V9R 4Z1
Executive Director: Peter Sinclair
Board Chair: Shannon Gillespie

Charitable Reg. #:87425 8429 RR0001

STAR RATING

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

[Charity Rating: 3/5]

FINANCIAL TRANSPARENCY

Most recent Audited financial statements available on the charity’s website.

C+

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.

94%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 94 cents are available for programs.



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OVERVIEW

About Loaves and Fishes Community Food Bank:

Loaves and Fishes Community Food Bank is a 3-star charity with a C+ results reporting grade, which is below average. Its overhead spending is within Ci’s reasonable range, and its reserve funds could cover program costs for seven months, also within Ci’s range.

Founded in 1998, Loaves and Fishes Community Food Bank (LFCFB) helps people facing food insecurity through free food markets across six communities in British Columbia, supporting over 15,000 people each year. It also does food recovery, home delivery, and operates a thrift store. LFCFB runs four main programs: Food Bank and Distribution, Food 4 Farms, Hamper 2 Your Home, and its Thrift Store. In 2025, the charity spent $2.8m in cash on its programs but did not provide a further breakdown of program spending.

In 2025, LFCFB distributed $12.2 million worth of food to more than 15,000 people facing food insecurity. The charity also supported over 100 community partners and worked with more than 40 food recovery partners to help collect and distribute food to people in need.

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Results and Impact

In 2025, Loaves and Fishes Community Food Bank reported saving 9.5m lb of CO2e through its food recovery program, which collects and redistributes surplus food.

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Finances

Loaves and Fishes Community Food Bank’s audited financial statements follow line-item costing, which does not align with financial reporting best practices. This means Ci had to refer to its T3010 filings with the CRA to report program, administrative, and fundraising costs. 

In 2025, LFCFB received $3.0m in donations, which was 19% of total revenue. It also received $12.2m in donated food and $318k in government funding.

The charity spent $2.8m in cash on its programs in 2025, which was 82% of revenue (excluding the value of donated goods). It ran a surplus of $156k, representing 5% of revenue (excluding donated goods).   

Fundraising costs were $125k, which was 4% of donations, and administrative costs were $251k, which was 2% of revenue (excluding investment income). Total overhead was 6%, meaning that for every dollar received, 94 cents are available to go to the cause. This is within Ci’s reasonable range.

At the end of 2025, LFCFB had $1.6m in reserve funds (cash and investments). These reserves could cover its annual program costs for seven months, which is within Ci’s reasonable range.

This charity report is an update that has been sent for review to Loaves and Fishes Community Food Bank and edits may be forthcoming. 

Updated on August 12, 2026, by Ava Anderson.

Financial Review


Financial Ratios

Fiscal year ending December
202520242023
Administrative costs as % of revenues 1.6%1.8%1.1%
Fundraising costs as % of donations 4.2%6.1%1.3%
Total overhead spending 5.8%7.9%2.4%
Program cost coverage (%) 59.1%263.7%330.9%

Summary Financial Statements

All figures in $000s
202520242023
Donations 2,9962,3729,429
Goods in kind 12,17311,9408,806
Government funding 318339234
Business activities (net) 455624
Investment income 03645
Total revenues 15,53214,74318,538
Program costs 2,7682,6812,358
Donated goods exp 12,17311,9408,806
Administrative costs 251267202
Fundraising costs 125144123
Other costs 593529
Total spending 15,37515,06711,517
Cash flow from operations 156(324)7,021
Capital spending 6,6481,892530
Funding reserves 1,6377,0697,803

Note: 1. Ci used the charity’s T3010 filings to report its administrative and fundraising costs.

Salary Information

Full-time staff: 27

Avg. compensation: $69,363

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
2
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2025

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.vifoodbank.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 250-754-8347

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Charitable Registration Number: 80340 7956 RR0001