Hamilton Food Share
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.
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.
90%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 90 cents are available for programs.
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OVERVIEW
About Hamilton Food Share:
Hamilton Food Share is a 5-star, financially transparent charity. It has Good demonstrated impact and a high results reporting grade. Its overhead spending is within Ci’s reasonable range. It has $1.8m in reserve funds which can cover nine months of annual program costs.
Founded in 1992, Greater Hamilton Food Share (Hamilton Food Share) is the distribution hub for Hamilton's Emergency Food Network. The network consists of 16 member agencies, operating 23 emergency food programs that work to feed people in poverty. According to Hamilton Food Share’s 2023 Hunger Report, over 1,117 people ask for food support daily, and 66 seniors access a food bank daily. As part of the report, Hamilton Food Bank ran a survey that found that 2,621 households are paying more than 50% of total income on rent, putting them at extreme risk of homelessness.
A Charity Intelligence 2024 Top 100 Rated Charity.
Hamilton Food Share’s main program is food distribution. In F2023, the charity reports sourcing 3,872,827 lb of food, of which 63% was fresh, 26% was non-perishable, and 11% was frozen. It distributed 3,567,420 lb of food. Hamilton Food Share distributed a total of 361,800 public meals through emergency food banks in F2023. The charity’s local food bank partners reported 114,668 visits this year. The charity states that 17,600 people visit food banks from its network every month. Hamilton Food Share supported 23 local hunger relief programs.
Hamilton Food Share also runs various projects. These include the priority food project, which aims to ensure certain priority items are always available at member agencies. The menstrual pilot project distributes menstrual products to the Emergency Food Network. In F2023, 16,519 households accessed menstrual products.
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Results and Impact
Hamilton Food Share states that for every $1 donated, it can provide $5 worth of food to people in need thanks to its retail partnerships. In F2023, its network received 114,668 visits and distributed 3,567,420 lb of food. This means that clients receive 31 lb of food per visit on average.
While Ci highlights these key results, they may not be a complete representation of Hamilton Food Share’s results and impact.
Charity Intelligence has given Hamilton Food Share a Good impact rating based on demonstrated impact per dollar spent.
Impact Rating: Good
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Finances
Hamilton Food Share received $3.0m in cash donations in F2023. It also received an estimated $12.6m in donated food (79% of revenues) and $154k in government funding. Administrative costs are 2% of revenues (less investment income) and fundraising costs are 8% of cash donations. This results in total overhead spending of 10%. For every dollar donated to the charity, 90 cents are available for programs. This is within Ci’s reasonable range for overhead spending.
In F2023 Hamilton Food Share spent $2.3m on its programs, which is 69% of total revenues (excluding donated goods). The charity had $382k in surplus.
Hamilton Food Share has $1.8m in reserve funds. The charity can cover 77% or nine months of annual program costs with its existing reserves.
Charity Intelligence has sent this update to Hamilton Food Share for review. Changes and edits may be forthcoming.
Updated on August 7, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 2.2% | 2.1% | 1.8% |
Fundraising costs as % of donations | 8.3% | 9.1% | 5.0% |
Total overhead spending | 10.5% | 11.2% | 6.9% |
Program cost coverage (%) | 77.4% | 41.8% | 74.2% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 3,013 | 2,960 | 4,362 |
Goods in kind | 12,557 | 13,129 | 11,460 |
Government funding | 154 | 217 | 632 |
Fees for service | 26 | 0 | 0 |
Other income | 117 | 184 | (84) |
Total revenues | 15,868 | 16,490 | 16,369 |
Program costs | 2,284 | 2,878 | 2,568 |
Grants | 47 | 350 | 344 |
Donated goods exp | 12,557 | 13,129 | 11,460 |
Administrative costs | 348 | 342 | 301 |
Fundraising costs | 249 | 270 | 219 |
Total spending | 15,485 | 16,968 | 14,892 |
Cash flow from operations | 382 | (479) | 1,478 |
Capital spending | 59 | 272 | 110 |
Funding reserves | 1,804 | 1,351 | 2,159 |
Note: DEFERRED CAPITAL CONTRIBUTIONS: Ci did not include amortization of deferred capital contributions, decreasing revenues by $102k in F2023, $80k in F2022, and $77k in F2021. Ci included capital contributions received, increasing other revenue by $11k in F2023, $195k in F2022, and $6k in F2021. It was included in other revenue because Ci could not separate between government and non-government received contributions. DEFERRED REVENUE: Ci adjusted for deferred revenue, affecting revenue by $50k in F2023, ($60k) in F2022, and ($108k) in F2021. This was included in other revenue because Ci could not separate between government and non-government received contributions. Ci included deferred revenue related to COVID-19, which affected donations by $nil in F2023, ($933k) in F2022, and $933k in F2021. DISPOSAL ASSETS: Ci did not include loss on disposal of assets in revenue, affecting revenue by ($11k) in F2023, ($18k) in F2022, and ($28k) in F2021. GOVERNMENT FUNDING: Ci backed out government funding from donations in accordance with the charity’s T3010 filings with the CRA and included it in government funding.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
0 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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