Toronto Foundation for Student Success

2 Trethewey Drive, 4th Floor
Toronto, ON M6M 4A8
Executive Director: Catherine Parsonage
Board Chair: William Northcote

Charitable Reg. #:88903 6455 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.

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.

88%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 88 cents are available for programs.



My anchor

OVERVIEW

About Toronto Foundation for Student Success:

Toronto Foundation for Student Success is a 5-star charity with Good demonstrated impact. It has above average disclosure with an A grade for results reporting. Its overhead spending and funding reserves are both within Ci’s reasonable range.

Toronto Foundation for Student Success (TFSS) is a local charity founded in 1998. TFSS provides food, free after-school programs, eye and ear care, emergency funds and grants to schools for youth in need. According to the charity, 1 in 4 children in Toronto lives in poverty. In the city, 40% of children come to school hungry each day. In the most at-risk communities, it rises to 68%. Students who skip breakfast are twice as likely to be suspended, while 78% of students who eat breakfast are on track for graduation. Risks continue after school. TFSS states that 42% of all youth crime happens between 3 p.m. and 6 p.m. However, 3 in 10 Canadian families cannot afford after-school programs.

TFSS runs two main programs: Student Nutrition and Beyond 3:30. In F2025 TFSS spent $33.7m on its programs. This included $29.9m in program costs and $3.8m in grants.

The Student Nutrition program was TFSS’s largest program in F2025. It accounted for $26.9m or 80% of program spending. TFSS supports 846 Student Nutrition programs across Toronto. In F2025, it delivered 36,735,618 meals to 236,860 students. A typical meal contains one vegetable or fruit, one protein, and one whole grain food. Student Nutrition spending also includes the Central Nutrition Pantry program. This program is a separate supplementary program that provides additional food to Student Nutrition sites that need it most.  In F2025, the Central Nutrition Pantry program delivered 3,234,986 meals to 71,299 students.

The Beyond 3:30 program accounted for $1.9m or 6% of program spending in F2025. It is a free after-school program for kids between the ages of 8 and 14. In F2025, it ran 25 programs in 20 different schools. The charity offers nutrition, sports, homework, financial literacy, and arts programs. In F2025, 1,474 students registered in Beyond 3:30. The program provided 81,376 hours of academic support and 3,590 hours of physical activity to students.

Grants accounted for $3.8m or 11% of program spending. TFSS granted $3.3m to Angel Foundation of Learning and $555k to the Toronto District School Board. Angel Foundation of Learning is a Toronto charity that runs student nutrition programs, emergency funds and student equity funds for students in the Toronto Catholic District School Board.

TFSS spent the remaining $1.1m or 3% of program spending on eye and ear care, emergency funds, and grants to schools for youth in need.

My anchor

Results and Impact

The Student Nutrition program served 236,860 students. It delivered 36.7 million meals across 645 sites. The Central Nutrition Pantry served 71,229 students. It supplied 3.2 million meals across 197 schools.

In F2025, the Student Nutrition program costs including pro-rated admin and fundraising costs were $32.8m. On average it cost the charity 89 cents per meal provided and $139 per unique student served.

The Toronto District School Board and TFSS did a survey on parents of students in its Beyond 3:30 (B3:30) program. Parents of students in grades 3 to 8 took part. Parents noted a positive impact on their child in these areas:

Level of participation in school: 95% grades 3-5, 93% grades 6-8

Study habits and attitudes toward learning: 95% grades 3-5, 96% grades 6-8

Ability to complete schoolwork: 90% grades 3-5, 96% grades 6-8

Improved grades: 93% grades 3-5, 100% grades 6-8.

While Ci highlights these key results, they may not be a complete representation of Toronto Foundation for Student Success’ results and impact.

Charity Intelligence has rated Toronto Foundation for Student Success as having Good impact based on demonstrated impact per dollar spent.

A Charity Intelligence 2025 Top 10 Impact: Canadian Youth Charities.

Impact Rating: Good

My anchor

Finances

Toronto Foundation for Student Success had total revenues of $54.7m in F2025. It received $44.6m or 82% of revenues in government funding. It also received donations of $8.4m or 15% of revenues. TFSS spent $33.7m on its programs and grants which is 62% of revenues. In F2025, it recorded a surplus of $18.3m.

TFSS spent $772k or 9% of donations on fundraising. Administrative costs were $1.5m or 3% of revenues in F2025. Total overhead spending is 12%. For every dollar donated to TFSS, 88 cents are available to go to the cause. This is within Ci’s reasonable range.

TFSS has $33.1m in reserve funds. The 117% increase from F2024 is due to increased government funding for the charity’s Student Nutrition Programs. Its reserves can cover a year of its annual program costs. This is within Ci’s reasonable range.

Updated on May 27, 2027, by Raihan Firosh.

Financial Review


Financial Ratios

Fiscal year ending July
202520242023
Administrative costs as % of revenues 2.8%5.7%3.0%
Fundraising costs as % of donations 9.2%7.2%2.0%
Total overhead spending 12.1%12.9%5.0%
Program cost coverage (%) 98.0%52.9%64.2%

Summary Financial Statements

All figures in $000s
202520242023
Donations 8,3576,0728,818
Goods in kind 3751,155383
Government funding 44,63218,00328,196
Fees for service 65861
Investment income 1,1821,411936
Other income 4300
Total revenues 54,65526,72638,333
Program costs 29,92925,37627,966
Grants 3,8083,4172,742
Donated goods exp 375605383
Administrative costs 1,5031,4431,124
Fundraising costs 772436180
Total spending 36,38731,27632,395
Cash flow from operations 18,268(4,550)5,938
Capital spending 219750
Funding reserves 33,06615,22919,720

Note: 1. Deferred Revenue: Ci adjusted for deferred revenue within both donations and government funding. This was $17.4m in F2025, ($5.9m) in F2024, and $5.4m in F2023. 2. Contributed Capital Assets: Ci moved contributed capital assets from donations into donated goods in kind. This was $550k in F2024 only. 3. Donated Goods in Kind: Ci treated donated goods in kind as a flow-through and removed the amount of donated goods from program costs. This was $375k in F2025, $605k in F2024, and $383k in F2023. 4. Deferred Capital Contributions: Ci adjusted for deferred capital contribution within other revenue. This was in $43k in F2025 only.

Salary Information

Full-time staff: 44

Avg. compensation: $90,327

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
1
$200k - $250k
0
$160k - $200k
2
$120k - $160k
4
$80k - $120k
3
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2025

My anchor

Comments & Contact

Comments added by the Charity:

Comment added August 2024: 
 
Against the backdrop of soaring housing and food costs, more and more families in Toronto's underserved communities are struggling to afford necessities like housing and groceries. The cost of food has increased by over 20% in the past three years, and up to 62% of families in some of our most underserved communities report experiencing food insecurity. Thousands more children are now relying on school nutrition programs for food, and as more and more children arrive at school hungry, school-based nutrition is a lifeline they rely on.  
 
We’ve also seen a growing demand for our free after-school program (beyond 3:30). With attendance now surpassing pre-COVID levels, we expanded our program to 20 sites this year and focused on supporting students with pandemic-related learning loss as well as wellness. Demand and need for our Emergency Fund and Gift of Sight and Sound Program is also growing.  
 
As thousands of children across the city continue to experience poverty, we’re grateful to our generous donors, our funders and our community partners who make it possible for our programs that support our city's most vulnerable children when they need it most. 

Charity Contact

Website: www.tfss.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-394-6880

Print  
Image

Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 400,000 visitors use our website as a go-to source for information on Canadian charities reading over 1.5 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.

 

Be Informed. Give Intelligently. Have Impact

 

Charitable Registration Number: 80340 7956 RR0001