Greater Vancouver Food Bank
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
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Programs
About Greater Vancouver Food Bank:
Founded in 1983, Greater Vancouver Food Bank (GVFB) assists those in need of food support through various food programs. The charity recognizes that distributing emergency food alone is not a long-term solution. Through its three-pronged approach, GVFB aims to provide high quality food, improve food knowledge and cooking skills, and promote food access in a welcoming and dignified environment.
The charity collects, purchases, and distributes food through GVFB-run community food hubs and partner-run community agencies in Vancouver, Burnaby, New Westminster and North Vancouver. In F2019, Greater Vancouver Food Bank distributed 4.1 million pounds of food, 55% of which was perishable. Purchases account for 41% of the food distributed by weight. GVFB reported that food quality measured at 75% (up from 67% in F2018) based on rankings established by a registered dietitian in accordance with guidelines set by the BC School Food Guidelines to Community Food Hubs and Agencies. In total, 27,500 people use GVFB’s services weekly, 25% of whom are children.
GVFB runs 13 community food hubs where about 8,200 low income households can select groceries every week. In F2019, 2.5 million pounds (68% of total pounds) of food were distributed at community food hubs. Community food hubs had 265,491 client visits in F2019.
GVFB’s 75 community agencies receive food and training support from the charity. In F2019, GVFB supported 31 agency food banks that served 10,600 people, 57 meal programs that provided 90,379 meals, as well as 50 community kitchens.
GVFB runs food skills workshops to build knowledge and skills regarding healthy diets. In F2019, GVFB ran 15 workshops and 26 food demonstrations and tastings.
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Results and Impact
Charity Intelligence scores Greater Vancouver Food Bank as Average Impact based on its demonstrated impact per dollar spent.
Greater Vancouver Food Bank reports that its position in the local food system and partnerships with producers allows the charity to purchase $3 worth of food for every $1 donated.
Impact Rating: Average
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Finances
Greater Vancouver Food Bank is a large-cap charity with monetary donations of $7.2m and food donations of $5.3m in F2018. Administrative costs are 11% of total revenues (excluding investment income), and fundraising costs are 17% of cash donations. For every dollar donated, 72 cents go to the cause, which is within Ci’s reasonable range for overhead spending. GVFB has total funding reserves of $7.1m. Excluding the cost of donated food, GVFB’s funding reserves cover program costs for 1.6 years.
This report is an update that has been reviewed by the charity.
Updated on July 12, 2019 by Caroline McKenna.
Financial Review
Fiscal year ending June
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.6% | 7.5% | 6.2% |
| Fundraising costs as % of donations | 17.1% | 18.5% | 21.2% |
| Total overhead spending | 27.7% | 26.0% | 27.4% |
| Program cost coverage (%) | 74.0% | 61.1% | 180.7% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 7,236 | 6,305 | 5,705 |
| Goods in kind | 5,278 | 7,036 | 8,024 |
| Investment income | 184 | 161 | 109 |
| Total revenues | 12,698 | 13,502 | 13,837 |
| Program costs | 4,314 | 3,569 | 3,118 |
| Grants | 5,278 | 7,016 | 8,024 |
| Administrative costs | 1,328 | 1,004 | 846 |
| Fundraising costs | 1,236 | 1,164 | 1,210 |
| Total spending | 12,156 | 12,753 | 13,198 |
| Cash flow from operations | 542 | 749 | 640 |
| Capital spending | 880 | 325 | 177 |
| Funding reserves | 7,099 | 6,468 | 5,633 |
Note: Ci includes donated food in kind in its revenue and expense calculations. Amortization was removed from program, admin, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
6 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
The Greater Vancouver Food Bank is dedicated to running an efficient, sustainable organization that addresses food insecurity in the communities we support. We strive to continuously make the most effective use possible of the contributions entrusted to us by our generous donors. We value and include our clients’ voices in the assessment of our current programs at the GVFB, and in the development of future programing. Our unique position in the food system allows us to share robust data with stakeholders who are addressing and working toward solving hunger in British Columbia. We believe that food is a basic human right and that no one should go hungry.
Charity Contact
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