3121 Universal Drive
Mississauga, ON L4X 2E2
CEO: Meghan Nicholls
Board Chair: Michelle Penman

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.

Average

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.

83%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.



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OVERVIEW

About Mississauga Food Bank:

Founded in 1985, Mississauga Food Bank (known officially as The Mississauga Food Bank) is the largest food bank in Mississauga. It aims to relieve hunger by providing access to healthy food for people in need. It collects food donations from corporations, schools, and donors, and also distributes food to nine other food banks across the city. Mississauga Food Bank helps to refer clients to local food banks based on their postal codes and supplies them with seven to ten days’ worth of food each month. It also donates food and supplies to more than 50 local agencies that serve food, such as emergency food pantries, shelters, breakfast clubs, and soup kitchens. The charity reports that 15% of Mississauga’s population, or more than 100,000 people, lives in poverty.

Mississauga Food Bank’s main program is food distribution. It also runs smaller projects that aim to promote access to healthy food and reduce food waste, which it did not provide a spending breakdown for in F2020.

In F2020, Mississauga Food Bank distributed $5.3m in food donations and spent a further $1.8m on buying, packaging, and sending food. In total, it distributed 2.7 million pounds of food during the year (2.2 million in F2019). Through its AquaGrow Farms program, which uses an 800-square-foot facility to farm fish and grow fresh produce in-house, Mississauga Food Bank provided 700 servings of tilapia and 21,000 servings of vegetables. The charity also runs a home delivery service called Food Bank 2 Home. In F2020, Mississauga Food Bank delivered 152,478 meals, serving 1,117 people across 542 households.

Mississauga Food Bank announced the launch of its ReclaimFRESH food waste program in 2019. Each year in Canada, 44 million tonnes of viable food are thrown away because they do not meet commercial quality standards. The charity partners with local businesses to pick up unsold food and divert waste from landfills. In F2020, Mississauga Food Bank reports that it rescued 400,000 pounds of food. Mississauga Food Bank also created a new covid-19 Emergency Food Bank in F2020. It provides both emergency food supplies (one to two days’ worth) and longer-term supplies (more than seven days) to clients in need. During the year, the covid-19 Emergency Food Bank served up to 40 households each day.

In 2019, Mississauga Food Bank co-published the Who’s Hungry report with Daily Bread Food Bank and North York Harvest Food Bank. The report provides an in-depth analysis of the causes and consequences of poverty in Toronto and Mississauga, based on a survey of 1,326 clients at 51 food banks. Through its research, the charity notes that low incomes and a lack of affordable housing continue to act as major drivers of food insecurity. Across all survey respondents, the median percentage of income spent on rent and utilities was 74%.

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Results and Impact

Mississauga Food Bank reports that for every dollar donated, it can provide food for two meals to hungry children, families, and seniors in need. In F2020, the charity states that it helped to provide a total of 2,683,935 meals. Its clients were roughly 72% visible minorities, 15% newcomers, and 9% refugees. In addition, around 87% of households served earn less than $2,000 a month.

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 an Average impact rating, based on its demonstrated impact per dollar spent.

Impact Rating: Average

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Finances

In F2020, Mississauga Food Bank received $5.0m in cash donations and special events revenues, as well as $5.3m in donated food. It also received $294k in government funding during the year. Administrative costs are 4% of revenues and fundraising costs are 13% of cash donations and special events revenue. This results in total overhead spending of 17%. For every dollar donated, 83 cents go to the cause. This falls within Ci’s reasonable range for overhead spending.

Mississauga Food Bank has total funding reserves of $3.6m. Excluding the cost of donated food, its funding reserves can cover around two years of annual program costs. The charity’s program cost coverage ratio spiked in F2020 mainly due to a 168% increase in cash donations.

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

Updated June 11, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending May
202020192018
Administrative costs as % of revenues 4.0%4.2%2.9%
Fundraising costs as % of donations 13.4%26.5%14.8%
Total overhead spending 17.4%30.7%17.7%
Program cost coverage (%) 200.8%66.6%52.6%

Summary Financial Statements

All figures in $000s
202020192018
Donations 4,2571,5911,345
Goods in kind 5,3475,7684,387
Government funding 294154133
Special events 726577543
Other income 243117
Total revenues 10,6488,1206,426
Program costs 1,8081,2831,459
Donated goods exp 5,3475,7684,394
Administrative costs 429341187
Fundraising costs 665574279
Total spending 8,2507,9666,318
Cash flow from operations 2,398154107
Capital spending 511330
Funding reserves 3,631854768

Note: Ci excluded amortization of deferred capital contributions. This affected revenues by ($26k) in F2020, ($24k) in F2019, and ($33k) in F2018. Ci removed amortization, associated mainly with warehouses and food storage equipment, from program costs. Mississauga Food Bank restated its expenses using activity-based costing for F2020 and F2019. As a result, F2018 overhead spending figures may be understated, since staff salaries were not allocated to administrative and fundraising costs.

Salary Information

Full-time staff: 27

Avg. Compensation: $48,234

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 F2020

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Comments & Contact

Comments added by the Charity:

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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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