Children's Book Bank

350 Berkeley Street
Toronto, ON M5A 2X5
Executive Director: Mary Ladky
Board Member: Kim Beatty

Charitable Reg. #:84453 2952 RR0001


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

Not yet rated.


Most recent Audited financial statements 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) 87 cents are available for programs.

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About Children's Book Bank:

Founded in 2007, The Children’s Book Bank and Literacy Foundation (Children’s Book Bank) provides free books and literary support to children living in low-income communities in Toronto. These books are donated by families, publishers and retailers. 

July 28, 2021: Following a discussion with Children's Book Bank management, Charity Intelligence has decided to discontinue our star rating and updates on Children's Book Bank. 

Children’s Book Bank’s main program is its Storefront Book Bank which operates in the Regent Park area of Toronto. It works like a children’s bookstore with books and story time, except that the books are free for children to keep. Children’s Book Bank seeks to give books to children who would otherwise not be able to own their own books. The Storefront hosted 690 field trips for schools in F2019. It also hosts after-school activities, Saturday story times, and summer and march break programs. 38,000 students visited the Storefront in F2019. 

Beyond its Storefront, Children’s Book Bank distributes books to parenting centres, maternal health clinics, and literacy centres across Toronto. It focuses on lower income neighbourhoods such as Rexdale, Eglinton-Humber, Crescent Town and Thorncliffe Park. In F2019, The Book Bank distributed more than 75,000 books to its community partners through this program. 

In total, Children’s Book Bank distributed 135,000 free books in F2019. 

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Results and Impact

Charity Intelligence was unable to find any quantified outcomes on the charity's website. 

Charity Intelligence has given Children's Book Bank an Average impact rating based on demonstrated impact per dollar spent.

Impact Rating: Average

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Children’s Book Bank is a small charity with $242k in donations and special event fundraising in F2019. Donated books are not reported in the charity’s financial statements, so could not be included in Ci’s analysis.  

Administrative costs are 10% of total revenues and fundraising costs are 3% of total donations. This results in total overhead spending of 13%. For every dollar donated to the charity, $0.87 goes towards its programs, which is within Ci’s reasonable range for overhead spending. The Children’s Book Bank has total funding reserves of $197k, which can cover 7 months of annual program costs. 

The charity salary information is taken from its T3010 which doesn't look correct.

This charity report is an update that has been sent to Children’s Book Bank for review. Changes and edits may be forthcoming. 

Updated on July 23, 2021 by Asha McMullin.

Financial Review

Financial Ratios

Fiscal year ending December
Administrative costs as % of revenues 9.9%7.8%6.3%
Fundraising costs as % of donations 3.3%4.1%5.1%
Total overhead spending 13.2%11.9%11.4%
Program cost coverage (%) 61.7%100.4%98.9%

Summary Financial Statements

All figures in $s
Donations 237,741330,174310,217
Government funding 10,60800
Special events 4,11931,37432,504
Investment income 2,4271,5471,043
Total revenues 254,895363,095343,764
Program costs 318,867291,533281,571
Administrative costs 24,92528,19021,511
Fundraising costs 7,92914,89317,389
Total spending 351,721334,616320,471
Cash flow from operations (96,826)28,47923,293
Funding reserves 196,891292,811278,444

Salary Information

Full-time staff: 3

Avg. compensation: $16,354

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 F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

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Charitable Registration Number: 80340 7956 RR0001