Moisson Quebec
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.
B+
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.
96%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 96 cents are available for programs.
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OVERVIEW
About Moisson Quebec:
Moisson Quebec is a 5-star rated charity. The charity is financially transparent as it provides its audited financial statements on its website. It has an above average results reporting grade and has Good demonstrated impact. Its overhead spending is outside of Ci’s reasonable range. Moisson Quebec has $4.8m in reserve funds, which can cover program costs for a year and nine months.
Founded in 1987, Moisson Quebec collects, sorts and distributes food to its network of 129 organizations across Quebec City. The charity strives to improve the quality of life of people living in poverty and reduce food insecurity. Moisson Quebec reports that in March 2023, 80,000 people used one of the food banks in its networks, which is a 27% increase from March 2022. The charity reports that, according to the National Institute of Public Health, one in four adults in Quebec suffers from food insecurity. It adds that Statistics Canada reports a 6.8% rise in the consumer price index in 2022, making food even less affordable for those who struggle financially.
A Charity Intelligence 2024 Top 100 Rated Charity.
Moisson Quebec runs two main programs: Food Distribution and Communication and Awareness. The charity reports helping about 80,000 people each month through its programs, 39% of which are under 18 years of age. It reports benefiting from 40,000 hours of volunteering in F2023.
Food Distribution – 84% of program spending
Moisson Quebec operates a distribution centre and provides services to partner organizations. In F2023, it reports collecting nearly 9.7 million pounds of food, which is an 11% increase compared to F2022. The charity works with 180 suppliers to source this food and redistributes it thanks to four refrigerated trucks. 30% of the food the charity redistributed was fruit and vegetables (2.8 million pounds), 12% was meat (1.2 million pounds) and another 11% was baked goods (1.1 million pounds). Moisson Quebec reports that for each $1 donation, it provides $13 of food. It adds that it redistributed 700,000 packages of food in F2023, which is a 35% increase compared to F2022.
Moisson Quebec distributed 10,000 Christmas baskets over the holiday season. These each contained 32 products and were given to 84 organizations. The charity participates in Food Banks Canada’s After the Bell program, which provides snacks to students during the summer months. Moisson Quebec distributed 8,400 snack bags to 1,000 children through the After the Bell program.
Community and Awareness – 16% of program spending
Moisson Quebec works to raise awareness around food insecurity. To do this, the charity offers presentations to companies and participates in events run by organizations in its network. In March 2023, Moisson Quebec’s general director Élaine Côté was awarded Personnalité du Monde alimentaire for the year. In F2023, the charity ran five workshops to educate on food insecurity and poverty.
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Results and Impact
In F2023, Moisson Quebec reports distributing 9.7 million pounds of food. This averages to 800,000 pounds of food a month. The charity reports assisting 80,000 people a month. This means that, on average, each monthly visitor receives 10 pounds of food.
While Charity Intelligence highlights these key results, they may not be a complete representation of Moisson Quebec’s results and impact.
Charity Intelligence has rated Moisson Quebec as having Good impact based on demonstrated impact per dollar.
Impact Rating: Good
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Finances
Moisson Quebec received $2.1m in monetary donations in F2023. The charity received food donations, reported below as goods in kind. These were estimated to have a value of $42.3m. Moisson Quebec also received $405k in government funding, representing 10% of total revenues, less goods in kind. Administrative costs are less than 1% of revenues (excluding investment income), and fundraising costs are 4% of donations. This means that for every dollar donated to the charity, 96 cents are available for programs. This is outside of Ci's reasonable range for overhead spending.
Moisson Quebec has reserve funds of $4.8m which can cover a year and nine months of annual program costs.
Moisson Quebec’s audited financial statements do not report the estimated value of donated food as a line item in revenue, but mentions it separately. Ci has included this value in revenue as goods in kind. However, no such note is given for the amount of donated food distributed, so Ci has reported the same amount being received and distributed, as is usually the case with food banks.
Ci has sent this profile update to Moisson Quebec for review. Changes and edits may be forthcoming.
Updated on June 23, 2023 by Victoria Allder.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 0.3% | 0.5% | 0.4% |
Fundraising costs as % of donations | 3.9% | 2.3% | 0.5% |
Total overhead spending | 4.2% | 2.8% | 0.8% |
Program cost coverage (%) | 177.8% | 136.4% | 39.5% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 2,056 | 1,622 | 5,597 |
Goods in kind | 42,253 | 29,876 | 31,114 |
Government funding | 405 | 401 | 557 |
Special events | 1,380 | 987 | 1,627 |
Other income | 119 | 85 | 56 |
Total revenues | 46,213 | 32,972 | 38,951 |
Program costs | 2,693 | 2,192 | 3,592 |
Donated goods exp | 42,253 | 29,876 | 31,114 |
Administrative costs | 154 | 180 | 134 |
Fundraising costs | 133 | 59 | 34 |
Other costs | 0 | 6 | 31 |
Total spending | 45,233 | 32,313 | 34,906 |
Cash flow from operations | 981 | 659 | 4,045 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 4,789 | 2,989 | 1,418 |
Note: Moisson Quebec’s T3010 filings with the CRA for 2023 are not available at the time of this analysis, so employee compensation data is from 2022. Ci did not adjust for deferred revenue because the charity’s audited financial statements do not disclose the proportion that is government funded versus non-government funded. Ci included donated food as goods in kind in revenue and expenses, increasing them by $42.3m in F2023, $29.9m in F2022 and $31.1m in F2021. Ci did not include amortization in revenue, decreasing revenue by $204k in F2023, $225k in F2022 and $235k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
0 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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: 416 682-5061