191 New Toronto Street
Toronto, ON M8V 2E7
CEO: Neil Hetherington
Board Chair: Ben Wise

Charitable Reg. #:11888 1549 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]



Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.

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About Daily Bread Food Bank:

Daily Bread Food Bank is a 4-star charity with Good impact. The charity is one of Canada's largest food banks and has a good results reporting grade. 

Founded in 1983, Daily Bread Food Bank (Daily Bread) works towards long-term solutions to end hunger and poverty and runs innovative programs to support individuals experiencing hunger and food insecurity in the Toronto area. According to the charity’s 2021 Who’s Hungry report, there were 1.45 million visits to Toronto food banks in 2020, a 47% increase compared to the previous year. In F2021, Daily Bread supplied and distributed food to support 189 food programs in the Greater Toronto Area. These programs are run by 126 member agencies, including shelters, meal programs, and other food banks. 

In F2021, Daily Bread distributed approximately 16.9 million pounds of food, a 30% increase from 12.9 million pounds in F2020. In addition to food distribution to member agencies, Daily Bread also prepares home-cooked soups and casseroles from its on-site kitchen, which are delivered to drop-in meal programs and agencies lacking cooking facilities across the city. In F2021, the Daily Bread kitchen distributed 101,440 daily meal servings. In June F2021, the charity had 124,000 client visits which was a 50% increase compared to June F2020. In partnership with Red Cross, Daily Bread also distributed 10,643 meals to isolation programs in F2021. 

Daily Bread Food Bank’s research and advocacy division explores hunger and poverty in Toronto and advocates for policy change. For more than two decades, Daily Bread has published the annual Who's Hungry report, profiling experiences of poverty and food insecurity in the city of Toronto. Every year, surveys are conducted throughout the Daily Bread agency network. The 2021 Who's Hungry report used data collected from 1,347 surveys and 17 phone interviews. The report also used 164 follow-up surveys from participants from the 2020 special covid-19 report, Hunger Lives Here. 

Daily Bread’s advocacy work focuses on tackling deep poverty, affordable housing, food access, and economic and social resiliency. In F2021, the charity collected 15,031 petition signatures calling for Ontario to reduce poverty by 50% by 2030. Daily Bread sent 441 letters to City Councillors advocating for affordable housing policies and had 12 meetings with federal and provincial elected representatives.  

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Results and Impact

In F2021, Daily Bread Food Bank distributed 16.9 million pounds of food to individuals experiencing food insecurity. The food distributed was 33.2% vegetables, 15.2% grains, 14.6% meat and alternatives, 13.7% dairy, 11.9% miscellaneous, 8.0% fruit, 2.0% desserts and snacks, and 1.4% household.  

While Ci highlights these key results, they may not be a complete representation of Daily Bread Food Bank’s results and impact.  

Charity Intelligence gave Daily Bread an impact rating of Good for proven impact per dollar spent.  


Impact Rating: Good

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Daily Bread Food Bank received $30.3m in monetary donations and $29.3m in food donations in F2021. Daily Bread administrative costs are 1% of revenues (excluding investment income) and fundraising costs are 9% of cash donations. This results in overhead costs of 11%. For every dollar donated, 89 cents go towards the charity’s programs. This is within Ci’s reasonable range for overhead spending.

At the end of F2021, Daily bread had $10.0m in funding reserves in its General Fund and Food Fund, that cover program costs for 0.9 years. The charity also had $23m in. a Board-designated Pandemic Fund, which reflect amounts designated by the Board of Directors for alleviating the effects of the current economic downturn in the city of Toronto. This is an 86% increase from funding reserves of $17.7m in F2020. This increase is due to increased operating cash flow from higher donations during the covid-19 pandemic.   

Daily Bread paid external fundraisers $177k in F2021 to raise $343k for a cost of $0.52 per dollar raised.  

Charity Intelligence has sent this update to Daily Bread Food Bank for review. Comments and edits may be forthcoming.  

Updated on June 24, 2022, by Emma Saganowich.  

Financial Review

Financial Ratios

Fiscal year ending June
Administrative costs as % of revenues 1.3%1.3%1.7%
Fundraising costs as % of donations 9.4%10.3%25.4%
Total overhead spending 10.7%11.6%27.1%
Program cost coverage (%) 317.4%206.6%43.2%

Summary Financial Statements

All figures in $000s
Donations 30,33025,2938,916
Goods in kind 29,32225,00620,808
Government funding 11281242
Fees for service 19167190
Investment income 2298454
Other income 609871174
Total revenues 60,62151,50230,385
Program costs 10,3768,5646,262
Donated goods exp 29,32225,00620,808
Administrative costs 769652517
Fundraising costs 2,8442,6102,262
Total spending 43,31136,83229,849
Cash flow from operations 17,31014,670536
Capital spending 8412112,254
Funding reserves 32,92917,6892,706

Note: Ci removed amortization from program, administrative, and fundraising costs based on the charity's allocation in its financial statements. The charity's income statement does not report amortization as a separate line item. Ci removed amortization on a pro-rata basis for this adjustment.

Salary Information

Full-time staff: 78

Avg. compensation: $63,443

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

Food bank visits in Toronto have almost tripled since 2019, rising from pre-pandemic numbers of 60,000 client visits monthly to 171,631 in June 2022. Daily Bread in consultation with economists, the City of Toronto and internal forecasting team, anticipate that number rising to over 200,000 by the end of this fiscal year.

The Board of Directors, with Management, set an ambitious promise to the city that regardless of the number of people coming to food banks, 3 days’ worth of food weekly would be provided to each client. That promise has been kept through the pandemic despite the extraordinary growth in client visits, and food received by clients increased by 17%. Food purchases increased from $1.9M in 2019 to over $12M budgeted for fiscal 2022-23. In addition, $5.9M in new grants have been distributed to Daily Bread’s member agency network to build supply chain resiliency in community programs. Through these grants, agencies have been able to purchase additional food, appliances and even add storage solutions to their space, to help them better meet the needs in their communities. Over the next year an additional $4M in grants are expected to be distributed.

Our previous experience has shown that we have to prepare for the future, as much as we deal with the needs of today. We need to be strategic about how we utilize the reserve in order to address the expected growing need for our services within a challenging economic climate.

Historically, food bank visits continue to increase for at least two years following the start of a recession. Continuous impacts of the pandemic, the looming recession, rapidly rising inflation, and interest rate increases are combining for an unprecedented storm on top of a difficult situation.

Daily Bread’s Board of Directors monitor and oversee the financial reserves within their governance capacity to balance immediate food distribution and forecasted expenditures. The Board-approved strategic deployment of our reserve funds is forecasted to deplete our surplus reserves over the next 3.5 years.

Charity Contact

Website: www.dailybread.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-203-0050


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Charitable Registration Number: 80340 7956 RR0001