Fort York Food Bank

380 College Street
Toronto, ON M5T 1S6
Executive Director: Mike Schoonheyt
Board Co-Chair: Devi Arasanayagam

Website: www.fyfb.com
Charitable Reg. #: 86714 7464 RR0001
Sector: Social Services - Food Bank (Multi-Service Agency)
Operating Charity

Charity Rating

[Charity Rating: 4/4]

Donor Accountability

Grade: A-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Cents to The Cause

95¢
75¢
avg
65¢
50¢
2015 2016 2017
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: Good

Full-time staff #1

Avg. Compensation $47,826

Top 10 Staff Salary Range

$350k + 0
$300k - $350k 0
$250k - $300k 0
$200k - $250k 0
$160k - $200k 0
$120k - $160k 0
$80k - $120k 0
$40k - $80k 1
< $40k 0
Information from most recent CRA Charities Directorate filings for F2017

About Fort York Food Bank:

Founded in 1998, Fort York Food Bank (FYFB) is a food bank in downtown Toronto that directly helps low-income people and families. It is volunteer-driven, with only one paid staff member in F2017. Each year, the food bank helps over 4,000 people. Most of its clients live off less than $4 a day after housing costs and are recently unemployed or underemployed. FYFB is a vital service that aims to prevent homelessness with Toronto's most vulnerable. It offers four core programs: food distribution, information and support, community drop-in centre, and community vitality.

FYFB’s food program provides individuals and families with a three-day supply of groceries. It offers a grocery store approach that allows clients to fill their own food baskets. Volunteers trained in the food bank’s nutrition program help clients select food from each of the main food groups.

The information and support program is focused on preventing homelessness and reducing hunger. Volunteers at FYFB take the time to speak with every client that comes through the door. It recognizes that each client contact is an opportunity to establish trust and identify core needs beyond the immediate supply of food. Clients are connected with a range of programs which include: income security programs, legal services, housing, employment programs, immigration, and health care services.

FYFB’s community vitality program helps engage clients with the broader community through economic development initiatives, life-skills/nutrition classes, computer training, special events and a community garden.

Its community drop-in centre provides clients with a range of community services in a supportive community environment. The programs within the drop-in centre include the community kitchen, computer resource centre, clothing and books program, local telephone calls, and community resource information centre.

Results and Impact: Charity Intelligence gave Fort York Food Bank an impact rating of Good for proven impact per dollar (see impact grid on the bottom right). Ci has researched FYFB since 2009. It consistently receives high ratings and has high charity impact for donors looking to support Toronto's homeless and people living in poverty.

Financial Review:

The value of donated and distributed food is not reported by Fork York Food Bank on its financial statements. The most recent output data on the charity’s website is from F2015. Charity Intelligence therefore has not estimated the value of food received and given out in the following financial analysis. FYFB’s financial statements for F2015, F2016 and F2017 are unaudited.

Fort York Food Bank is a medium-sized* charity with donations of $197k in F2017, a 21% increase compared to F2015. Administrative costs are 2% of total revenues and fundraising costs are 2% of donations. For every dollar donated to the charity, $0.96 goes towards its programs, which falls just outside Ci’s reasonable range for overhead spending. FYFB has total funding reserves of $85k. Excluding the cost of donated food, its funding reserves can cover program costs for 5 months, indicating a need for donations.

This charity report is an update that has been sent to Fort York Food Bank for review. Changes and edits may be forthcoming.

Updated on August 31, 2018 by Derek Houlberg.

Financial Ratios

Fiscal year ending March
201720162015
Administrative costs as % of revenues 2.3%2.5%2.3%
Fundraising costs as % of donations 1.8%1.4%3.0%
Program cost coverage (%) 45.5%38.6%36.6%

Summary Financial Statements

All figures in $s
201720162015
Donations 197,442172,785163,664
Government funding 2,2462,9232,471
Other income 004,248
Total revenues 199,688175,708170,383
Program costs 186,709166,678171,626
Administrative costs 4,6234,4293,929
Fundraising costs 3,5122,3924,975
Cash flow from operations 4,8442,209(10,147)
Funding reserves 84,85064,35362,864
Note: *Ci has considered FYFB a medium-size charity assuming a similar value of food was collected and distributed in F2017 compared to F2015, when it was last reported. The charity's financial statements do not provide a breakdown of revenues. Ci has used the charity's T3010 filing with the CRA to obtain a breakdown of revenues. The charity does not report the value of food it collected and distributed. The charity's financial statements for F2015, F2016 and F2017 are unaudited. 

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