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Grocery Foundation
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.
63%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.
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OVERVIEW
About Grocery Foundation:
Grocery Foundation is a 4-star charity. It is financially transparent and has a strong results reporting score (A+). Its reserve funds can cover one year and two months of annual program costs. Its overhead spending is outside of Ci's reasonable range.
Founded in 1979, Grocery Foundation fundraises and provides grants for school nutrition programs. The charity states that at least one in three Canadian children lives in a home struggling with food insecurity and 2.1 million children in Canada are living in a food insecure household. Grocery Foundation operates in Ontario, Western Canada, and Atlantic Canada.
The charity’s sole charitable program is its School Breakfast Program, which funds programs that offer breakfasts to students in a participating school. In F2023, the charity reported funding 166,311 meals in Atlantic Canada, 941,619 in Western Canada, and 2,701,687 in Ontario.
The School Voucher program enables school nutrition programs (SNPs) in Ontario to purchase food from retailers at a discounted rate of 50% on average. In F2023, 42 SNPs were supported and 619,526 meals were funded.
Toonies for Tummies encourages grocery shoppers to donate money at checkout. In F2023, it granted $4.1m to fund 2,426,842 meals. These grants were provided through cash ($242k) and gift cards ($3.9m). GFO distributed 23,243 gift cards at an average value of $166 per card. These were distributed across 2,847 schools.
The Night to Nurture is a fundraising gala in partnership with Kids Help Phone. In F2023, it granted $2.1m to fund 730,455 meals. These supported 1,072 schools and benefitted 306,766 children.
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Results and Impact
In F2023, Grocery Foundation funded 3,776,823 healthy meals total. It reports that students who regularly eat breakfast experience a 17% improvement in graduation rates compared to their peers who do not. Meals are based on provincial nutritional guidelines.
While Ci highlights these key results, they may not be a complete representation of the charity’s results and impact. Grocery Foundation has been rated as Average demonstrated impact per dollar spent.
Impact Rating: Average
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Finances
Grocery Foundation received $8.9m in donations in F2023. Administrative costs are 4% of revenues (less investment income). Fundraising costs are 33% of donations. Total overhead spending is 37%. For every dollar donated to the charity, 63 cents go to the cause. This is outside Ci's reasonable range for overhead spending. Grocery Foundation has funding reserves of $7.3m which can cover one year and two months of annual program costs.
In its annual filings with the Canada Revenue Agency, Grocery Foundation has not reported any full-time or part-time employees since F2016. However, it did report paying $624k in professional and consulting fees in F2023, $406k in F2022, and $389k in F2021.
This report is an update that has been sent to Grocery Foundation for review. Changes and edits may be forthcoming.
Updated on August 26, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.3% | 2.3% | 2.4% |
| Fundraising costs as % of donations | 32.9% | 20.7% | 19.8% |
| Total overhead spending | 37.2% | 23.0% | 22.2% |
| Program cost coverage (%) | 113.1% | 90.0% | 139.7% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 8,854 | 7,438 | 7,314 |
| Fees for service | 885 | 919 | 937 |
| Investment income | 94 | 12 | 88 |
| Other income | 17 | 81 | 1 |
| Total revenues | 9,849 | 8,449 | 8,339 |
| Program costs | 4,661 | 4,428 | 3,175 |
| Grants | 1,786 | 1,927 | 2,019 |
| Administrative costs | 424 | 193 | 199 |
| Fundraising costs | 2,911 | 1,543 | 1,447 |
| Total spending | 9,782 | 8,091 | 6,839 |
| Cash flow from operations | 67 | 358 | 1,500 |
| Capital spending | 0 | 0 | 0 |
| Funding reserves | 7,292 | 5,721 | 7,254 |
Note: Ci included costs associated with the gala dinner and Toonies for Tummies in fundraising costs. Ci reported grants to qualified donees from the charity's T3010 CRA filings. Ci reported amortization from CRA filings and backed the amounts out of program, administrative, and fundraising costs on a pro-rata basis. Ci reported donation commitments less gifts to qualified donees as donated goods used in programs. Ci adjusted for the difference between donation commitments reported and deferred grant contributions affecting spending by $81k in F2023, ($208k) in F2022, and ($923k) in F2021. Ci adjusted for deferred donations, affecting revenues by $nil in F2023, $45k in F2022, and $nil in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 515-8165