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.
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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About Hamilton Food Share:
Founded in 1992, Greater Hamilton Food Share (Hamilton Food Share) is the distribution hub of the Emergency Food Network in Hamilton which is made up of 103 food programs. The charity aims to reduce hunger in Hamilton by supplying food and short-term storage to these local food banks. Its food recovery program takes food from corporate partners that is considered extra and un-salable by food industry standards and redirects it to people in need. The charity’s 2017 annual report states that 90,000 people in Hamilton live in poverty, while 14% of these people count on food banks every month to survive.
In F2017, Hamilton Food Share collected about 2.7 million pounds of food, an increase of 12% from F2016. It reports that 57% of food distributed was fresh or frozen. In its 2017 annual report, it states that 83% of the food received was donated by the food industry, 11% by community food drives and 6% was bought by the charity. It also reports that 75% of the food was distributed to its 11 emergency food member agencies, 19% to Niagara Regional Hub food banks and 7% to other local community groups. Together, the food distributed by the agencies is sufficient to provide a minimum of 6,300 meals per day.
Hamilton Food Share also works with businesses within the city to raise awareness of hunger, its root causes and the impact it creates on the people in need. It also fundraises and facilitates community food drives in support of local food banks.
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Results and Impact
Hamilton Food Share reports that for every $1 donated, it can provide $5 worth of food to someone in need. In the charity’s 2017 Hunger Count report, it states that 12,580 people in Hamilton visited food banks in March 2017, 37% of these being children.
Charity Intelligence gave Hamilton Food Share an impact rating of Average for proven social impact per dollar spent.
Impact Rating: Average
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Finances
Greater Hamilton Food Share is a Large charity, which received monetary donations of $1.4m and donated food valued at $6.9m in F2017. Administrative costs are 2% of total revenues and fundraising costs are 21% of monetary donations. For every dollar donated to the charity, $0.77 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. Hamilton Food Share has total funding reserves of $407k. Excluding the cost of donated food, the food bank’s funding reserves can cover annual program costs for 5 months. This indicates a need for donations.
This charity report is an update that has been sent to Greater Hamilton Food Share for review. Comments and edits may be forthcoming.
Updated June 29, 2018 by Derek Houlberg.
Financial Review
Fiscal year ending March
|
2017 | 2016 | 2015 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.9% | 2.0% | 1.9% |
| Fundraising costs as % of donations | 21.2% | 18.8% | 19.1% |
| Program cost coverage (%) | 42.0% | 57.5% | 62.5% |
Summary Financial StatementsAll figures in $000s |
2017 | 2016 | 2015 |
|---|---|---|---|
| Donations | 1,427 | 1,392 | 1,325 |
| Goods in kind | 6,910 | 6,030 | 5,632 |
| Government funding | 3 | 3 | 4 |
| Fees for service | 12 | 12 | 12 |
| Investment income | 0 | 1 | 4 |
| Total revenues | 8,352 | 7,438 | 6,977 |
| Program costs | 969 | 1,003 | 954 |
| Grants | 6,910 | 6,030 | 5,632 |
| Administrative costs | 161 | 146 | 129 |
| Fundraising costs | 302 | 261 | 253 |
| Cash flow from operations | 10 | (2) | 9 |
| Funding reserves | 407 | 576 | 596 |
Note: Ci has not included amortization of deferred capital contributions in revenues, decreasing total revenues by $37k in F2017, $35k in F2016 and $38k in F2015. Ci has included the value of donated food in donated goods in kind and in grants, increasing total revenue and expenses by $6.9m in F2017, $6.0m in F2016 and $5.6m in F2015. Ci has not included gain on disposal of assets in revenues, decreasing total revenue by $1k in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
2 |
$40k - $80k |
7 |
< $40k |
1 |
Information from most recent CRA Charities Directorate filings for F2017
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Comments & Contact
Comments added by the Charity:
Charity Contact
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