191 New Toronto Street
Toronto, ON M8V2E7
Executive Director: Neil Hetherington
Board Chair: Andy Burgess

Charitable Reg. #:11888 1549 RR0001

STAR RATING

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

[Charity Rating: 4/4]

✔+

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.

75%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.



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Programs

About Daily Bread Food Bank:

Founded in 1983, Daily Bread Food Bank is now one of Canada’s largest food banks. Daily Bread works with its partners to provide food and assistance to people struggling with hunger in the Toronto area. In F2018, Daily Bread supplied and distributed food to support 173 food programs in the Greater Toronto Area. These programs are run by 135 partner organizations, including shelters, meal programs, and other food banks. In F2018, Daily Bread’s partner organizations saw 754,565 food bank visits. This year, Daily Bread introduced a four-week advance ordering system that tells partners what food will be made for more efficient meal distribution. 

Daily Bread Food Bank’s Training & Development Centre conducts courses and certifications to allow its partners to better serve their clients. In F2018, 386 staff from partner organizations took courses. This year, its new Information and Referral (I&R) Demystified course taught partners how to expand their activities beyond food and connect clients with housing, employment, and health services. The charity’s Youth Education Program also works to engage and educate youth about the issues surrounding hunger and poverty. 

Daily Bread Food Bank’s research and advocacy division explores hunger and poverty in Toronto and advocates for policy change. Daily Bread is a member of the Toronto Food Policy Council and the Toronto Employment and Social Services advisory committee. In 2018, Daily Bread Food Bank hosted the Affordable Housing Town Hall meeting with MP James Maloney. Its annual Who’Hungry report describes current statistics on the people and areas most affected by hunger, the causes of hunger, and solutions to hunger in the GTA. The report used data collected in one-on-one interviews with over 1,400 food bank clients at 33 partner organizations. Its data have been referenced in the media, government, and non-profit sector. 

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Results and Impact

In F2018, Daily Bread’s kitchen supplied 89,330 meals and 170,800 servings of soup to food programs and shelters in the GTA. Daily Bread Food Bank’s Farm to Food Bank program diverted 1.34m pounds of produce from 14 Ontario farms away from landfills to be distributed to local food banks. Charity Intelligence gave Daily Bread an impact rating of Good for proven impact per dollar (see impact grid on the bottom right).  

Impact Rating: Good

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Finances

Daily Bread Food Bank is a large charity, receiving $8.9m in monetary donations of in F2018. It also received food donations valued at $20.9m ($2.60 per pound), an increase from $18m ($2.50 per pound) in F2017. Daily Bread’s administrative costs are 3% of revenues (excluding investment income) and fundraising costs are 22% of donations. For every dollar donated to the charity, 73 cents go to its programs, which is within Ci’s reasonable range for overhead spending. The charity has total funding reserves of $4.6m. Excluding the cost of donated food, Daily Bread’s funding reserves can cover program costs for nine months. 

This charity report is an update that has been sent to Daily Bread Food Bank for review. Comments and edits may be forthcoming. 

Updated on May 16, 2019 by Caroline McKenna. 

Financial Review


Financial Ratios

Fiscal year ending June
201820172016
Administrative costs as % of revenues 3.3%3.8%6.0%
Fundraising costs as % of donations 22.1%14.0%15.7%
Program cost coverage (%) 75.7%81.2%78.8%

Summary Financial Statements

All figures in $000s
201820172016
Donations 8,8667,9247,221
Goods in kind 20,88617,9846,220
Government funding 414400370
Fees for service 205194189
Investment income 515250
Other income 1329071
Total revenues 30,55326,64514,122
Program costs 6,1255,8315,469
Grants 20,88617,9846,220
Administrative costs 9981,012847
Fundraising costs 1,9571,1091,136
Cash flow from operations 588709451
Funding reserves 4,6374,7324,307

Note: Ci removed amortization from program, administrative and fundraising costs. Ci reported Member Agency Support in administrative costs.

Salary Information

Full-time staff: 59

Avg. Compensation $72,567

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
2
$80k - $120k
8
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2018

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Comments & Contact

Comments added by the Charity:

Charity Contact

Website: www.dailybread.ca
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