Cambridge Food Bank
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔
FINANCIAL TRANSPARENCY
Most recent Audited financial statements 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.
88%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 88 cents are available for programs.
My anchor
OVERVIEW
About Cambridge Food Bank:
Cambridge Self-Help Food Bank is a 4-star charity with a Good impact score. It is financially transparent and has a A results reporting grade, which is above average. For every dollar donated to the charity, 88 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
Cambridge Self-Help Food Bank, more commonly known as Cambridge Food Bank (CFB), first opened its doors in 1985 to help respond to a severe economic recession. It serves the city of Cambridge, ON and the township of North Dumfries, which have a combined population of around 156,000. CFB offers a vital solution for individuals facing food scarcity due to various challenges, including sudden job loss, insufficient income, unaffordable housing, and high food prices. In F2023, the charity reports receiving 920,756 pounds of donated food.
A Charity Intelligence 2023 Top 10 Canadian Impact Charities
Cambridge Food Bank’s main program is food distribution which includes Community Pantry support, Mobile Food Market, and Food Banks Garden.
Community Pantry gives clients "emergency food hampers" containing five days’ worth of food up to 12 times a year. These hampers include canned, boxed, frozen, and fresh foods, and if needed, baby food, formula and diapers. On average, CFB distributes over 2,500 emergency food hampers each month. In F2023, 4,300 individuals visited CFB for emergency food assistance, 18% of those being employed and 3% being homeowners. CFB does not provide a spending breakdown of individual programs.
Mobile Food Market is a weekly neighbourhood market offering fresh fruits and vegetables at affordable prices. Sourced from local agriculture, at least five produce items are offered each week, typically costing $10-$15 per basket. There are 12 locations across the City of Cambridge & North Dumfries. In F2023 Cambridge Food Bank reports 19,150 visits to the Mobile Food Marketing, providing 76,600 meals to the community.
CFB's Food Banks Garden provides fresh, organic food while building skills, health, and community bonds. Initiatives like Grow-A-Row and gleaning allow volunteers to rescue and distribute surplus food, supporting food security and environmental efforts. The charity reports 9,641 pounds of fresh fruit and vegetables grown locally in F2023.
Cambridge Food Bank also has a Wellness Hub, providing workshops and wellness programs for youth and adults. These programs include School Support, Kinship Support, Children & Youth, and Adults. CFB reports that children and youth comprise 35% of all participants needing the food bank. In F2023, 652 youth and 275 adults attended Cambridge Food Bank’s Wellness programs.
My anchor
Results and Impact
In F2023, Cambridge Food Bank helped distribute 1,038,230 pounds of food, a 4.5% decrease from F2022’s distribution of 1,087,175 pounds of food. CFB reports 15,851 visits to the Community Pantry in F2023, a 10% increase from 14,377 visits in F2022.
Cambridge Food Bank works with corporate partners to help prevent food waste. Waste Reduction Canada reports that Canada wastes 35.5 million tonnes of food annually, with 11.2 million tonnes potentially saved. In F2023, CFB helped divert 141,810 pounds of food from landfills.
Cambridge Food Bank reports that 89% of Wellness Hub participants reported improved health and wellness.
While Ci highlights these key results, they may not be a complete representation of Cambridge Food Bank’s results and impact.
Charity Intelligence has given Cambridge Food Bank a Good impact rating for demonstrated impact per dollar spent.
A Charity Intelligence 2023 Top 10 Canadian Impact Charities
Impact Rating: Good
My anchor
Finances
Cambridge Food Bank received $2.0m in cash donations in F2023. It also received $3.3 in donated food (58% of revenues) and $296k in government funding (5% of revenues). According to the charity’s financial statements, the value of donated food is unaudited and estimated by its internal records. Administrative costs are 5% of revenues and fundraising costs are 7% of cash donations. This results in total overhead spending of 12%. For every dollar donated to the charity, 88 cents are available to go to the cause. This is within Ci’s reasonable range of 65 to 95 cents for overhead spending. CFB spent $1.1m on its programs in F2023, which is 47% of total revenue excluding donated goods.
Cambridge Food Bank had reserve funds of $3.6m in F2023. These are the charity’s cash and investments. Excluding the cost of donated food, CFB can cover 3 years and 2 months of annual program costs with its existing reserves. In F2023, Cambridge Food Bank had a surplus of $842k, which is 15% of total revenue.
Charity Intelligence has sent this update to Cambridge Food Bank for review. Changes and edits may be forthcoming.
Updated on June 24, 2024 by Alexia Tudose.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 5.0% | 5.6% | 6.0% |
Fundraising costs as % of donations | 6.7% | 2.7% | 1.3% |
Total overhead spending | 11.7% | 8.3% | 7.3% |
Program cost coverage (%) | 320.3% | 214.4% | 193.3% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 1,987 | 1,716 | 2,455 |
Goods in kind | 3,333 | 2,805 | 2,510 |
Government funding | 296 | 392 | 360 |
Fees for service | 113 | 50 | 0 |
Lotteries (net) | 2 | 2 | 1 |
Total revenues | 5,730 | 4,964 | 5,327 |
Program costs | 1,135 | 1,325 | 1,277 |
Donated goods exp | 3,333 | 2,805 | 2,510 |
Administrative costs | 288 | 278 | 321 |
Fundraising costs | 132 | 47 | 31 |
Total spending | 4,888 | 4,455 | 4,139 |
Cash flow from operations | 842 | 509 | 1,188 |
Capital spending | 66 | 88 | 34 |
Funding reserves | 3,635 | 2,842 | 2,468 |
Note: Ci included the value of donated food as goods in kind, affecting revenues and expenses by $3.3m in F2023, $2.8m in F2022, and $2.5m in F2021. Ci gathered government funding from the charity’s T3010 filings and removed the amounts from donations. Ci adjusted administrative costs to match the charity’s T3010 flings and removed the additional amounts from program costs. Ci reported lottery revenues net of lottery expenses into programs and administration. This affected revenues by $26k in F2023, $13k in F2022, $12k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
My anchor
Comments & Contact
Comments added by the Charity:
Learn more: Cambridge Food Bank Impact Report
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-622-6550