191 New Toronto Street
Toronto, ON M8V2E7
CEO: Niel Hetherington
Board Chair: Sarah Diebel

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.

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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Programs

About Daily Bread Food Bank:

Founded in 1983, Daily Bread Food Bank (Daily Bread) 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 F2019, Daily Bread supplied and distributed food to support 170 food programs in the Greater Toronto Area. These programs are run by 126 partner organizations, including shelters, meal programs, and other food banks.

In F2019, Daily Bread distributed 10.9 million lb of food. Apart from giving food to partner organizations, it also runs its own kitchen. In F2019, Daily Bread’s kitchen fed up to 5,000 people per week at agencies across Toronto, for a total of 144,698 total kitchen meal servings.

Daily Bread Food Bank’s research and advocacy division explores hunger and poverty in Toronto and advocates for policy change. Its annual Who’s 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 2019 report used data collected in one-on-one interviews with over 1,400 food bank clients at 51 partner organizations and was made with North York Harvest Food Bank and Mississauga Food Bank. Its data have been referenced in the media, government, and non-profit sector. 

In F2019, Daily Bread launched its Summer Produce Markets, bringing 156,477 lb of fresh food directly to Toronto Community Housing Corporation buildings in Scarborough. A similar initiative to increase access to fresh food was the expansion of the Daily Bread Warehouse; a freezer spanning 4,600 square feet was installed, increasing the capacity to store fresh and frozen food by four times. It also launched the new Victoria Park and Sheppard Food Bank.

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Results and Impact

The 2019 Who’s Hungry report highlights the need of clients accessing Daily Bread’s services. 29% of survey respondents reported experiencing hunger at least once per week because they could not afford to buy enough food. 15% of survey respondents reported that their children experienced hunger at least once a week.

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 Average for proven impact per dollar.  

Impact Rating: Average

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Finances

Daily Bread Food Bank is a Large charity, receiving $8.9m in monetary donations and $20.8m in food donations in F2019. Daily Bread’s administrative costs are 3% of revenues (excluding investment income) and fundraising costs are 20% of donations. This means overhead costs are 23%. For every dollar donated, 77 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

The charity has total funding reserves of $2.7m. Excluding the cost of donated food, Daily Bread’s funding reserves can cover program costs for eight months. 

Daily Bread paid external fundraisers $36k in F2019 to raise $39k for a cost of $0.97 per dollar raised.

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 June 10, 2020 by Eric Jose. 

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Financial Review


Financial Ratios

Fiscal year ending June
201920182017
Administrative costs as % of revenues 3.4%3.5%3.8%
Fundraising costs as % of donations 19.6%22.1%14.0%
Total overhead spending 23.0%25.6%17.8%
Program cost coverage (%) 10.0%18.5%19.9%

Summary Financial Statements

All figures in $000s
201920182017
Donations 8,9168,8667,924
Goods in kind 20,80818,93017,984
Government funding 242414400
Fees for service 190205194
Investment income 545152
Other income 17413290
Total revenues 30,38528,59726,645
Program costs 6,2626,1255,831
Grants 20,80818,93017,984
Administrative costs 1,0319981,012
Fundraising costs 1,7481,9571,109
Total spending 29,84928,00925,936
Cash flow from operations 536588709
Capital spending 2,2541,103177
Funding reserves 2,7064,6374,732

Note: Ci removed amortization from program, administrative and fundraising costs. 

Salary Information

Full-time staff: 78

Avg. Compensation: $53,806

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
3
$80k - $120k
7
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

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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