3121 Universal Drive
Mississauga, ON L4X 2E2
CEO: Meghan Nicholls
Board Chair: David Estabrooks

Charitable Reg. #:11892 7011 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.

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.

84%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.



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OVERVIEW

About Mississauga Food Bank:

Mississauga Food Bank is a top-rated 5-star charity with Good impact. The charity has a high results reporting grade with excellent accountability to donors and reasonable overhead spending. 

 

Founded in 1986, Mississauga Food Bank (known officially as The Mississauga Food Bank) is the largest food bank in Mississauga. It aims to relieve hunger by helping food-insecure people access healthy food. Mississauga Food Bank distributes food to directly to people, and to over 50 agencies, including food banks, pantries, meal and snack programs, and other emergency food programs. The charity states that 1 in 7 Canadians reported food insecurity during the covid-19 pandemic and 15% of Mississauga’s population lives in poverty. 

 

Mississauga Food Bank’s main program is food distribution. It also runs smaller projects that promote access to healthy food and reduces food waste. The charity did not provide a breakdown of spending on its programs in F2021.  

 

In F2021, Mississauga Food Bank distributed 4.3 million pounds of food (2.7 million in F2020) to people in need, which created 4.6 million meals. Through its Food Bank 2 Home Delivery Program, the charity delivered 684,000 pounds of food to 905 households (542 in F2020). In F2021, Mississauga Food Bank served 25,801 people (27,762 in F2020), of which 26% were first-time users, and 33% were children.

 

Through its AquaGrow Farms program, which uses an 800-square-foot facility to farm fish and grow fresh produce, Mississauga Food Bank harvested 996 servings of tilapia and 20,535 servings of vegetables.

 

Mississauga Food Bank announced the launch of its ReclaimFRESH food waste program in 2019. Each year, 44 million tonnes of viable food is thrown away in Canada. The charity partners with local businesses to pick up unsold food and divert waste from landfills. In F2021, Mississauga Food Bank rescued 545,231 pounds of food. 

 

Mississauga Food Bank reports that many of its food bank users do not have the resources to file their tax returns and miss out on tax refunds. As such, the charity completed over 250 tax return filings for its users and returned $1.2m in refunds, credits, and benefits in F2021. 

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Results and Impact

Mississauga Food Bank reports that it provided food for 4,605,297 meals for people in need in F2021. The charity also rescued and distributed 545,231 pounds of food that would have otherwise been wasted. 

 

While Ci highlights these key results, they may not be a complete representation of Mississauga Food Bank’s results and impact. 

 

Charity Intelligence has given Mississauga Food Bank a Good impact rating based on its demonstrated impact per dollar spent.

Impact Rating: Good

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Finances

Mississauga Food Bank received $6.8m in cash donations and special events revenues in F2021. It also received $9.4m in donated food and other goods, representing 56% of total revenues. Mississauga Food Bank’s cash donations and goods in kind increased by 46% and 76% from F2020 to F2021, respectively. 

 

Administrative costs are 3% of revenues, and fundraising costs are 13% of cash donations and special events revenue. This results in total overhead spending of 16%. For every dollar donated, 84 cents go to the cause, which is within Ci’s reasonable range for overhead spending.

 

Mississauga Food Bank has total funding reserves of $6.3m, compared to $3.6m in F2020. Excluding the cost of donated goods, Mississauga Food Bank could cover 215% or two years and two months of its annual program costs with reserves. The charity’s program cost coverage ratio has significantly increased since F2019, mainly due to increased cash donations since the onset of the covid-19 pandemic.

 

Charity Intelligence sent this update to Mississauga Food Bank for review. Changes and edits may be forthcoming.

 

Updated June 9, 2022, by Sydney Olexa.

Financial Review


Financial Ratios

Fiscal year ending May
202120202019
Administrative costs as % of revenues 3.2%4.0%4.2%
Fundraising costs as % of donations 12.5%13.4%26.5%
Total overhead spending 15.6%17.4%30.7%
Program cost coverage (%) 214.9%200.8%66.6%

Summary Financial Statements

All figures in $000s
202120202019
Donations 6,2324,2571,591
Goods in kind 9,4365,3475,768
Government funding 461294154
Special events 557726577
Other income 662431
Total revenues 16,75110,6488,120
Program costs 2,9361,8081,283
Donated goods exp 9,4365,3475,768
Administrative costs 533429341
Fundraising costs 846665574
Total spending 13,7518,2507,966
Cash flow from operations 3,0002,398154
Capital spending 175113
Funding reserves 6,3083,631854

Note: Ci excluded amortization of deferred capital contributions. This affected revenues by ($24k) in F2021, ($26k) in F2020, and ($24k) in F2019. Ci removed amortization, associated mainly with warehouses and food storage equipment, from program costs. 

Salary Information

Full-time staff: 36

Avg. compensation: $48,524

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
1
$80k - $120k
4
$40k - $80k
5
< $40k
0

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

The Mississauga Food Bank is tremendously grateful that the community generously supported the food bank at the onset of the Covid-19 pandemic. The Mississauga Food Bank continued to fundraise during the crisis, and surplus funds have been placed into a reserve fund to ensure sustainability and keep up with the growing demand for food bank services. 

Placing the funds into reserve allows The Mississauga Food Bank to invest in future greatest needs, including the increased cost of expanded service and adequate facilities, while allowing the organization to play catch up from the 60% increase in demand compared to pre-pandemic usage.

Charity Contact

Website: www.themississaugafoodbank.org
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-270-5589

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Charitable Registration Number: 80340 7956 RR0001