Second Harvest

1450 Lodestar Road, Unit 18
Toronto, ON M3J 3C1
Executive Director: Debra Lawson
Board Chair: Charles Dougall

Website: www.secondharvest.ca
Charitable Reg. #: 13386 5477 RR0001

Sector: Social Services - Food Bank (Distributor)

Operating Charity

Charity Rating

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Donor Accountability

Grade: A-

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Need for Funding

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #30

Avg. Compensation $52,413

Top 10 Staff Salary Range

$350k +	0
$300k - $350k	0
$250k - $300k	0
$200k - $250k	0
$160k - $200k	0
$120k - $160k	1
$80k - $120k	3
$40k - $80k	6
< $40k	0

Information from most recent CRA Charities Directorate filings for F2015

About Second Harvest:

Founded in 1985, Second Harvest (SH) provides fresh food to poor people and rescues food from wastage in Toronto. It purchases, collects and distributes food to over 220 local charities that feed hungry people throughout Toronto. SH also sends food to school programs and 110 local food banks. The charity reports that 1 in every 8 Canadian families struggles to put food on the table. 32% of the food bank’s clients are children and 25% are immigrants.

In F2015, Second Harvest gave out 8.2 million pounds of food, 16% more than in F2014. SH supplied 81 after-school and summer programs and 154 meal and snack programs for children. Through its Harvest Kitchen program SH trained 115 people in preparing 383,000 meals. Since 1985, Second Harvest has rescued more than 100 million pounds of food from wastage. It claims that by rescuing food SH has saved 100 million pounds of greenhouse gases from entering the atmosphere in the past 30 years.

Second Harvest states that $1 donated provides 2 meals. No data is given for this multiplier.

Charity Intelligence has researched and reviewed Second Harvest since 2009. Charity Intelligence's analysis finds Second Harvest a high impact charity. Second Harvest was included in Ci's 2015 Canadian Charity Impact Fund, one of 10 high-impact charities providing social services.

Financial Review:

Second Harvest is one of Canada’s Major 100 charities, which received monetary donations and special event fundraising revenue of $3.4m in F2015 along with donated food worth $20.6m in F2015. Administrative costs are 3% of total revenues and fundraising costs are 32% of donations and special event revenue. Total overhead costs come to 34%, falling within Ci’s reasonable range. SH has total funding reserves of $1.0m. Excluding the cost of donated food, SH’s funding reserves cover program costs for 7 months.

This report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.

Updated on August 16th, 2016 by Mirza Ali Shakir.

Financial Ratios Fiscal year ending August	2015	2014	2013
Administrative costs as % of revenues	2.8%	3.0%	2.8%
Fundraising costs as % of donations	31.5%	32.6%	32.4%
Program cost coverage (%)	61.9%	51.3%	60.1%

Summary Financial Statements All figures in $000s	2015	2014	2013
Donations	2,126	2,038	2,047
Goods in kind	20,613	17,738	18,500
Special events	1,245	1,042	1,250
Investment income	23	16	9
Total revenues	24,006	20,834	21,806
Program costs	1,665	1,560	1,533
Grants	20,613	17,738	18,500
Administrative costs	682	614	607
Fundraising costs	1,060	1,004	1,069
Cash flow from operations	(14)	(82)	97
Funding reserves	1,030	801	922

Note: Ci excluded amortization of deferred capital contributions in its revenue calculations. Ci also removed gain on sale of trucks from the income statement.

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