926 Leathorne Street
London, ON N5Z 3M5
Executive Director: Glen Pearson
Executive Director: Jane Roy

Charitable Reg. #:13620 3205 RR0001

STAR RATING

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

[Charity Rating: 2/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

B-

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.

97%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 97 cents are available for programs.



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OVERVIEW

About London Food Bank:

London Food Bank is a 2-star charity with Average demonstrated impact. It has a below-average results reporting grade and it is not financially transparent. The charity's overhead costs are outside Ci's reasonable range for overhead spending, although this is not unusual for food banks.

Founded in 1987 by the husband and wife duo of Glen Pearson and Jane Roy, London Food Bank gives food to hungry people in London and distributes additional food to community organizations in Ontario. It also recovers food from farms and local grocery stores.

In F2020, 9,253 different households received assistance from London Food Bank, representing 22,144 distinct household members. Of these individuals, 72% visited four times or fewer. 40% of the individuals assisted were children and youth, and 8% were adults aged 60 or older. Of the people assisted, 80% lived in rental units, 6% lived in social housing, 3% lived in a shelter, 3% owned a home, and 8% did not disclose their housing arrangements. 

London Food Bank distributed over 2.7 million pounds of food in F2020.  The charity also distributed 32,783 hampers of emergency food in F2020. Its vehicles travelled over 36,600 km to pick up and deliver donations throughout the city and region.  

London Food Bank distributed 633,000 pounds of food to 30+ organizations in F2020, representing 23% of all food. The organizations include other charities in London, school lunch programs, and food banks.

The Community Harvest program collects produce from farmers and grocery stores which cannot be sold and would otherwise be thrown out or tilled back into the soil. London Food Bank also encourages individual gardeners to plant one extra row of seeds in their garden and donate the additional produce. 

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Results and Impact

London Food Bank reports that its Community Harvey program has saved nearly 1.7 million pounds of produce from being thrown out since the program started in 2010. By giving this food to families in need, 1,500 tonnes of greenhouse gas emissions has been avoided.  

Charity Intelligence has rated London Food Bank as Average impact based on its demonstrated impact per dollar.  

Impact Rating: Average

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Finances

London Food Bank is not financially transparent. Charity Intelligence received the financial statements after requesting them from the CRA.

London Food Bank received $3.4m in donations and $6.6m in donated food in F2021. It also received $402k (4% of revenues) in government funding. Administrative costs are 1% of revenues (less investment income), and fundraising costs are 2% of donations. For every dollar donated 98 cents go to the cause. This is outside Ci’s reasonable range for overhead spending, although this is not unusual for food banks.

London Food Bank has $7.9m in reserve funds. Excluding donated food, reserve funds could cover annual program costs for four years and seven months.

This charity profile has been sent to London Food Bank for review. Changes and edits may be forthcoming.  

Updated on October 26, 2023 by Liam Chapleau.  

Financial Review


Financial Ratios

Fiscal year ending December
202120202019
Administrative costs as % of revenues 0.7%0.7%0.6%
Fundraising costs as % of donations 1.9%1.5%4.8%
Total overhead spending 2.6%2.2%5.4%
Program cost coverage (%) 456.1%512.7%177.7%

Summary Financial Statements

All figures in $000s
202120202019
Donations 3,3994,2221,346
Goods in kind 6,6106,6775,406
Government funding 40289638
Investment income 823545
Other income 112(5)(1)
Total revenues 10,60311,8256,833
Program costs 1,7231,1301,098
Donated goods exp 6,6106,6775,406
Administrative costs 747843
Fundraising costs 646464
Total spending 8,4707,9496,610
Cash flow from operations 2,1333,876223
Capital spending (734)(94)2
Funding reserves 7,8585,7931,951

Salary Information

Full-time staff: 9

Avg. compensation: $53,880

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
5
< $40k
4

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

London Food Bank is not financially transparent. Ci reached out to London Food Bank for its audited financial statements but did not receive them upon request. Ci received the charity's audited financial statements from the CRA. To report on a cash basis, Ci included deferred revenue, impacting other income by 112k in F2021, ($5k) in F2020, and ($1k) in F2019. 

Charity Contact

Website: www.londonfoodbank.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519 659-4045

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Charitable Registration Number: 80340 7956 RR0001