Quest Food Exchange
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✖
FINANCIAL TRANSPARENCY
Audited financial statements available only through official request for information from Charities Directorate.
C
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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 cents are available for programs.
My anchor
OVERVIEW
About Quest Food Exchange:
Quest Food Exchange is a 2-star charity with average impact. It has poor financial transparency and a below-average results reporting grade.
Founded in 1992 as Quest Outreach Society, Quest Food Exchange (Quest) began when a youth group started delivering sandwiches to homeless people in downtown Vancouver. Quest aims to “reduce hunger with dignity, build community and foster sustainability.” The charity works in collaboration with suppliers to provide affordable food to individuals facing food insecurity in British Columbia. The charity takes an environmentally-conscious approach to food redistribution to ensure excess food is allocated efficiently to those in need. Quest is based in Vancouver.
While not open to the general public, Quest Food Exchange gives individuals who are low-income, have a disability, or are on an old-age pension, the opportunity to choose food that suits their needs in a grocery market environment. In F2021, Quest reported to have issued 4,085 Quest Client Cards to new individuals.
Since 2008, Quest reports having 2,208,270 client visits and donating $86.0m worth of food and necessities.
My anchor
Results and Impact
Since 2008, Quest Food Exchange has eliminated 51,075 tonnes of greenhouse gasses from entering the earth’s atmosphere.
Charity Intelligence has given Quest Food Exchange an Average impact rating based on demonstrated impact per dollar spent.
While Charity Intelligence highlights these key results, they may not be a complete representation of Quest Food Exchange’s results and impact.
Impact Rating: Average
•
My anchor
Finances
Quest Food Exchange had cash donations of $491k and $7.9m in donated food and other goods in F2021. The charity also received $2.2m in fees for service through its grocery and online market. Administrative costs are 7% of total revenues, and fundraising costs are 6% of donations. Quest Food Exchange spends 13% on overhead. This means that for every dollar donated, 87 cents go towards the charity’s programs. This is within Ci’s reasonable range for overhead spending.
Quest Food Exchange has $1.3m in funding reserves and the reserves can cover program costs (excluding the cost of donated food) for just under 2 months.
This charity report is an update that was sent for review to Quest Food Exchange. Changes and edits may be forthcoming.
Updated on June 16, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending August
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 7.4% | 6.9% | 12.2% |
| Fundraising costs as % of donations | 6.0% | 11.2% | 28.3% |
| Total overhead spending | 13.4% | 18.1% | 40.5% |
| Program cost coverage (%) | 67.1% | 76.1% | 146.1% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 459 | 659 | 243 |
| Goods in kind | 7,875 | 8,988 | 9,596 |
| Government funding | 32 | 25 | 0 |
| Fees for service | 2,192 | 2,311 | 2,353 |
| Other income | 46 | 27 | 1 |
| Total revenues | 10,603 | 12,010 | 12,193 |
| Program costs | 1,898 | 1,767 | 732 |
| Donated goods exp | 7,875 | 8,988 | 9,596 |
| Administrative costs | 780 | 826 | 1,486 |
| Fundraising costs | 28 | 74 | 69 |
| Total spending | 10,580 | 11,655 | 11,883 |
| Cash flow from operations | 22 | 355 | 310 |
| Capital spending | 29 | 35 | 36 |
| Funding reserves | 1,274 | 1,345 | 1,070 |
Note: Ci did not include amortization of deferred capital contributions, decreasing total revenues by $82k in F2021, $92k in F2020, and $144k in F2019. Ci included the value of in-kind food donations and equipment donations received in donated goods in kind and in grants, increasing total revenues and expenses by $7.9m in F2021, $9.0m in F2020, and $9.6m in F2019. Ci obtained the administrative and fundraising costs from the charity's T3010 filing with the CRA.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
3 |
$40k - $80k |
7 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-602-0186