Food Banks Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
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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OVERVIEW
About Food Banks Canada:
Food Banks Canada is a 5-star, financially transparent charity with a Good impact rating and an above-average A- results reporting grade. It has a reasonably sized reserve of cash and investments and 26% overhead spending. For every dollar donated, 74 cents are available to go to the cause.
A Charity Intelligence 2025 Top 100 Rated Charity.
Founded in 1989, Food Banks Canada (FBC) provides grants and logistical support and distributes food to a network of over 5,500 organizations across Canada. These organizations include non-profits such as regional food distributors, local food banks, and other charities that distribute food to those in need. FBC does this by partnering with grocery retailers as part of its Retail Food Program, as well as through its own National Food Sharing System distribution network. FBC also publishes recurring research reports covering the state of food insecurity in Canada, such as its HungerCount 2024 report, and is involved in food insecurity advocacy.
Food Banks Canada has three programs: grants distributed to its agency network, network support services, and research and advocacy. It spent $39.3m cash on grants and program operations in the March 2025 fiscal year (F2025).
Grants to its network was 62% of FBC’s program spending. In F2025, FBC distributed $20.6m in grants to over 5,500 agency partners. The charity provided some breakdown of its grants by purpose that does not reconcile with the $20.6m total: $4.0m spent improving food bank access, $3.8m for improving network operational effectiveness (National Standards of Excellence), $2.5m invested in northern communities, $3.0m on capacity building projects, $2.3m used for other distributions, and $500k on supporting provincial food associations.
Network support services were 32% of FBC’s program spending. In F2025, thanks to the funding and logistical support provided by FBC, its 5,500-member network distributed 26.9m lb of food (19.1m lb through its Retail Food Program and 7.8m lb through its National Food Sharing Program). According to the charity, its network serves 3,000,000 people annually across Canada.
Research and advocacy were 6% of FBC’s program spending. FBC published its recurring HungerCount report which attracted over 147,000 website visits in F2025. FBC also collected over 100,000 signatures from Canadians urging action on food insecurity and connected with over 50 MPs, senators, and ministers during F2025.
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Results and Impact
In F2025, Constellation Consulting Group – an independent third party – estimated Food Banks Canada’s social return on investment (SROI) and found it generated $7.76 in social value for every $1 donated to the charity. FBC has not made the full report publicly available at the time of this profile update.
According to FBC, its agency network was able to avert 103 million kilograms worth of greenhouse gas emissions from the atmosphere thanks to FBC’s support.
FBC funds tax clinics operated by its agency network. In F2025, these clinics completed 16,358 tax returns on behalf of clients and saved each client an average $5,233 per tax return filing.
While Ci highlights these key results, they may not completely represent Food Bank Canada’s results and impact.
Charity Intelligence (Ci) has given Food Banks Canada a Good impact rating based on demonstrated social impact per dollar spent.
Impact Rating: Good
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Finances
Food Banks Canada’s audited financial statements follow activity-based costing – a best practice. This means its financial statements clearly separate expenses into program, administrative, and fundraising activities.
In F2025, FBC received $46.3m in cash donations (56% of total revenue) and $28.0m worth of donated food (34% of revenue). The charity also received $7.2m from the government (9% of revenue).
Administrative costs are 2% of total revenue less investment income and fundraising costs are 24% of cash donations. Its 26% total overhead means that for every dollar donated, 74 cents are available to go to the cause. This is within Ci’s reasonable range.
In F2025, FBC spent $18.8m cash on its programs (39% decrease from $30.6m spent in F2024), distributed $28.0m worth of food to its agency network (16% decrease from $33.3m distributed in F2024), and provided $20.6m worth of grants (13% increase from $18.2m granted in F2024).
At the end of F2025, FBC had $38.6m of reserve funds (cash and investments). This can cover 98% or just under one year of its annual program spending, excluding
Profile updated by Julian Dranitsaris on July 4, 2025. Comments and corrections may be forthcoming.
Questions? Contact jdranitsaris@charityintelligence.ca
Financial Review
Fiscal year ending March
|
2025 | 2024 | 2023 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.7% | 1.1% | 1.9% |
| Fundraising costs as % of donations | 21.6% | 15.7% | 17.5% |
| Total overhead spending | 23.3% | 16.8% | 19.3% |
| Program cost coverage (%) | 98.1% | 75.8% | 90.3% |
Summary Financial StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 46,312 | 34,165 | 30,209 |
| Goods in kind | 28,017 | 33,360 | 24,828 |
| Government funding | 7,248 | 22,935 | 0 |
| Investment income | 1,385 | 1,942 | 740 |
| Other income | 5 | 20 | 209 |
| Total revenues | 82,966 | 92,421 | 55,985 |
| Program costs | 18,754 | 30,584 | 7,588 |
| Grants | 20,560 | 18,175 | 24,205 |
| Donated goods exp | 28,017 | 33,360 | 24,828 |
| Administrative costs | 1,385 | 983 | 1,033 |
| Fundraising costs | 9,987 | 5,362 | 5,275 |
| Total spending | 78,702 | 88,464 | 62,930 |
| Cash flow from operations | 4,265 | 3,957 | (6,945) |
| Capital spending | 0 | 51 | 28 |
| Funding reserves | 38,547 | 36,981 | 28,694 |
Note: 1. DEFERRED CAPITAL CONTRIBUTIONS: Since FBC follows deferred accounting, Ci adjusted donations for changes in deferred contributions used for capital asset purchases to show donors the year-to-year movement of cash within the charity. This affected total revenue by ($nil) in F2025, $12k in F2024, and $9k in F2023. 2. PLEDGES RECEIVABLE: Ci adjusted donations for changes in corporate pledges receivable, affecting total revenue by ($157k) in F2025, $644k in F2024, and $90k in F2023. 3. GRANTS PAYABLE: Ci adjusted grants for changes in grants payable, affecting total expenses by ($1.8m) in F2025, ($4.1m) in F2024, and ($812k) in F2023. 4. AMORTIZATION: Ci backed out amortization on a pro-rata basis from program, administrative, and fundraising costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
2 |
$160k - $200k |
8 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2024
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Comments & Contact
Comments added by the Charity:
Charity Contact
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