Toronto Foundation for Student Success
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.
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.
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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.
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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
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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
Fiscal year ending July
|
2025 | 2024 | 2023 |
|---|---|---|---|
| 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 StatementsAll figures in $000s |
2025 | 2024 | 2023 |
|---|---|---|---|
| Donations | 8,357 | 6,072 | 8,818 |
| Goods in kind | 375 | 1,155 | 383 |
| Government funding | 44,632 | 18,003 | 28,196 |
| Fees for service | 65 | 86 | 1 |
| Investment income | 1,182 | 1,411 | 936 |
| Other income | 43 | 0 | 0 |
| Total revenues | 54,655 | 26,726 | 38,333 |
| Program costs | 29,929 | 25,376 | 27,966 |
| Grants | 3,808 | 3,417 | 2,742 |
| Donated goods exp | 375 | 605 | 383 |
| Administrative costs | 1,503 | 1,443 | 1,124 |
| Fundraising costs | 772 | 436 | 180 |
| Total spending | 36,387 | 31,276 | 32,395 |
| Cash flow from operations | 18,268 | (4,550) | 5,938 |
| Capital spending | 219 | 75 | 0 |
| Funding reserves | 33,066 | 15,229 | 19,720 |
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
$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



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Comments & Contact
Comments added by the Charity:
Charity Contact
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