CharityIntelligence Canada

Fort York Food Bank

797 Dundas Street West
Toronto, ON M6J 1V2
Executive Director: Mike Schoonheyt
Board President: Chris Murphy

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¢
2013 2014 2015
For a dollar donated, cents funding the cause after fundraising and admin costs, excluding surplus.

Impact Rating: High

Full-time staff #1

Avg. Compensation $45,669

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 F2016

About Fort York Food Bank:

Founded in 1998, Fort York Food Bank (FYFB) is a downtown Toronto food bank that directly helps people and families. It is volunteer-driven, with only one paid staff member. Each year, Fort York Food Bank helps over 4,000 people. Most of these people live off less than $4 a day, after housing costs. FYFB is a vital service that effectively prevents homelessness with Toronto's most vulnerable. 

At FYFB, volunteers take the time to speak with every client that comes through their door. Each client contact is an opportunity to establish trust and identify core needs beyond the immediate supply of food.  

FYFB goes beyond distributing food. It assists in reconnecting clients with their community through a holistic group of services. They help them get back on track through counselling, training, and advocacy so they can find jobs, safe housing, and appropriate social/community programs. 

Charity Intelligence has researched Fort York Food Bank since 2009. Fort York consistently gets high ratings and has high charity impact for donors looking to support Toronto's homeless and people living in poverty.

Financial Review:

Administrative costs were 0.3% of revenues and fundraising costs were 3% of donations in F2015. The funding reserves of $63k cover 37% of annual program costs, excluding the cost of donated food and 5% of annual program costs, including the cost of donated food. The average value of donated food was estimated using the FYFB Key Operating Statistics report.

This charity report is an update that is being reviewed by FYFB. Changes and edits may be forthcoming.

Updated June 9, 2015 by Yash Ahuja.

Financial Ratios

Fiscal year ending March
201520142013
Administrative costs as % of revenues 0.3%0.4%0.4%
Fundraising costs as % of donations 3.0%5.4%1.6%
Program cost coverage (%) 36.6%50.2%50.3%

Summary Financial Statements

All figures in $s
201520142013
Donations 163,664165,508141,232
Goods in kind 1,058,072970,0751,040,358
Government funding 2,4712,3834,076
Other income 4,24800
Total revenues 1,228,4551,137,9661,185,666
Program costs 1,229,6981,120,3401,178,435
Administrative costs 3,9294,7514,291
Fundraising costs 4,9759,0102,241
Cash flow from operations (10,147)3,865699
Funding reserves 62,86475,46569,435
Note: Revenues are broken up using the charity's T3010 filing. The increase in deferred revenue for F2012 is not included.