5090 Explorer Drive, Suite 203
Mississauga, ON L4W 4T9
CEO: Chris Hatch
Board Chair: Debbie O'Bray

Charitable Reg. #:13064 3737 RR0001

STAR RATING

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

[Charity Rating: 5/5]

✔+

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.

93%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 93 cents are available for programs.



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OVERVIEW

About Food Banks Canada:

Founded in 1989, Food Banks Canada (FBC) is a national organization that represents and supports more than 3000 food banks and community agencies across Canada. FBC focuses on three key areas: raising food and funds to share with its network, delivering national programs to help food banks distribute food efficiently, and influencing government policy through research and advocacy. FBC was originally founded as The Canadian Association of Food Banks to assist with what was believed to be a short-term demand for food banks. However, as the need for food assistance programs continued and grew, the organization began to serve as a national voice for food banks across Canada. In 2008, it rebranded as Food Banks Canada. FBC represents ten Provincial Associations and its respective agencies serve approximately 85% of people accessing food banks nationwide.

In F2020, Food Banks Canada distributed 28.3 million pounds of food valued at $74.3m through its National Food Sharing System to approximately 650 affiliate food banks. FBC also runs its Retail Food Program which is part of its National Food Sharing Program. It pairs participating locations of national retailers with local community food banks to provide fresh, frozen, and non-perishable foods, and consumer goods. FBC reports that 40% of food distributed by Canadian food banks is fresh or frozen. In F2020, the charity reports granting $21.5m ($9.7m in F2019) to food banks to improve food banking across Canada.

Food Banks Canada provides transportation and warehouse services for its affiliate food banks. In F2019, $1.0m was provided by FBC for these services to transport and store food.

FBC publishes an annual HungerCount report that combines data collected from its network of food banks to identify trends and make recommendations on how to reduce the need for food banks in Canada. The 2019 HungerCount report discloses that in March 2019 there were 1.1 million visits to food banks in Canada and 34% of food bank users were children while representing only 19% of the population.

In response to the COVID-19 pandemic, Food Banks Canada launched a $150m fundraising campaign in March 2020 to support its more than 3,000 community organizations. It has currently achieved $121m (81%) of this goal.

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Results and Impact

FBC reports that 57% of food bank clients are on social assistance or disability-related supports, and only 1 in 8 are currently employed. This demonstrates that clients are in need of FBC’s services and food.

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

Charity Intelligence gives Food Banks Canada an impact rating of Average for proven impact per dollar.

Impact Rating: Average

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Finances

Food Banks Canada is one of Canada’s Major 100 charities, receiving monetary donations of $27.2m in F2020 along with donated food worth $25.6m. Administrative costs are 2% of total revenues and fundraising costs are 5% of monetary donations. This means overhead costs are 7%. For every dollar donated, 93 cents go to the cause. This is within Ci’s reasonable range of overhead spending.

FBC has total funding reserves of $13.1m. Excluding the cost of donated food, existing funding reserves can cover roughly 6 months of annual program spending.

This charity report is an update that has been sent to Food Banks Canada for review. Changes and edits may be forthcoming.

Updated on August 07, 2020 by Eric Jose.

Financial Review


Financial Ratios

Fiscal year ending March
202020192018
Administrative costs as % of revenues 2.2%2.0%2.1%
Fundraising costs as % of donations 5.1%6.7%8.1%
Total overhead spending 7.3%8.7%10.2%
Program cost coverage (%) 50.0%59.4%30.6%

Summary Financial Statements

All figures in $000s
202020192018
Donations 27,24618,58315,250
Goods in kind 25,57425,62023,825
Government funding 52970
Fees for service 314242
Other income 244173239
Total revenues 53,62444,42539,356
Program costs 4,6763,6772,533
Grants 21,4879,7407,283
Donated goods exp 25,57425,62023,825
Administrative costs 1,163905833
Fundraising costs 1,3931,2451,228
Total spending 54,29241,18835,702
Cash flow from operations (668)3,2363,654
Capital spending 3745827
Funding reserves 13,0767,9753,000

Note: Ci has backed amortization of capital assets out of program costs, reducing program costs by $110k in F2020, $79k in F2019, and $49k in F2018.

Salary Information

Full-time staff: 30

Avg. Compensation: $82,635

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
2
$80k - $120k
5
$40k - $80k
1
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by charity

Charity Contact

Website: www.foodbankscanada.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905 602 5234

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