Central Okanagan Food Bank
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.
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.
98%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 98 cents are available for programs.
My anchor
OVERVIEW
About Central Okanagan Food Bank:
Central Okanagan Food Bank is a 2-star charity that is not financially transparent. It has an average results reporting grade of B+. For every dollar donated, 98 cents are available to go towards the cause. Its reserve funds can cover two years and ten months of annual program costs.
In 2015 Westside Community Food Bank and Kelowna Community Food Bank joined together to form Central Okanagan Food Bank (COFB). Central Okanagan Food Bank is a charity located in British Columbia that wants to create a health and hunger-free community by providing nutritious food to those in need. COFB lists inflation as an individual’s #1 reason (34%) for visiting a food bank. In fiscal 2023 (year ended June), COFB spent $13.5m on its programs: Food Distribution and Recovery, and Emergency Response. COFB did not provide a spending breakdown, but Charity Intelligence determined that most of the spending went towards the Food Distribution and Recovery program.
Food Distribution and Recovery: This program includes a variety of nutrition programs including Tiny Bundles program, Kids Snack Pack program, Vitality program, and more. COFB reports that it provides over 20,000 kids snack packs each year, and more than 5,000 meals weekly at 34 schools across the Okanagan. The charity also recovers perishable food from 18 local grocery partners. Edible food is distributed to individuals and community agencies. Inedible foods are distributed to farmers for animal feed or sent for compost. In F2023 COFB reports distributing 3,037,343 pounds of food to 87,407 individuals. In F2023, 3,807 of these clients were new.
Emergency Response: Central Okanagan Food Bank distributes food supplies for individuals and communities following a crisis like a natural disaster. Since F2020, COFB has responded to 5 major crises. In F2023, COFB distributed more than 900 emergency food hampers during the Kelowna wildfires.
My anchor
Results and Impact
Central Okanagan Food Bank reports distributing 3,037,343 lb of food to 87,407 clients. This calculates to 35 pounds of food per client. In 2023, 48% of COFB’s clients visited food banks 5 times or less.
While Ci highlights these results, they may not be a complete representation of Central Okanagan Food Bank’s results and impact. Charity Intelligence has given COFB an impact rating of Average based on demonstrated impact per dollar.
Impact Rating: Average
•
My anchor
Finances
Central Okanagan Food Bank is not financially transparent. Ci received its financial statements through a request to the CRA.
In F2023, Central Okanagan Food Bank received $5.1m in Canadian donations and special events revenue, a 76% increase from $4.2m in F2022. In F2023, COFB also received $10.7m in food donations. Administrative costs are 1% of revenues (less investment income) and fundraising costs are 1% of donations. For every dollar donated, 98 cents are available to go towards the cause. In F2023, COFB spent $13.5m on its programs which represents 85% of total revenues.
In F2023, COFB had reserve funds of $4.3m. COFB can cover two years and ten months of annual program costs.
Profile updated on July 25, 2024 by Abby Stout.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 1.1% | 1.7% | 2.0% |
| Fundraising costs as % of donations | 1.2% | 1.1% | 1.3% |
| Fundraising & admin costs as % of revenues | 1.4% | 2.0% | 2.4% |
| Total overhead spending | 1.4% | 2.0% | 2.3% |
| Program cost coverage (%) | 280.5% | 340.6% | 231.5% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 3,474 | 1,977 | 1,338 |
| Goods in kind | 10,691 | 9,625 | 7,387 |
| Government funding | 0 | 63 | 239 |
| Investment income | 146 | 19 | 4 |
| Total revenues | 15,915 | 13,872 | 10,997 |
| Program costs - Canada | 1,530 | 1,194 | 995 |
| Donated goods exp | 12,016 | 10,105 | 7,051 |
| Administrative costs | 166 | 230 | 215 |
| Fundraising costs | 61 | 47 | 43 |
| Other costs | 0 | 6 | 19 |
| Total spending | 13,773 | 11,582 | 8,323 |
| Cash flow from operations | 2,141 | 2,290 | 2,674 |
| Capital spending | 252 | 451 | 177 |
| Funding reserves | 4,292 | 4,067 | 2,304 |
Note: INCOME INTEREST: Ci included income interest in investment income. This affected total revenues by $146k in F2023, $19k in F2022, and $4k in F2021. AMORTIZATION OF DEFERRED CONTRIBUTIONS: Ci adjusted for the amortization of deferred capital contributions. This affected total revenues by ($19k) in F2023, ($24k) in F2022, and ($31k) in F2021. COST OF DONATED FOOD: Ci included the cost of donated food as a program cost. This affected total expenses by $12.0m in F2023, $10.1m in F2022, and $7.1m in F2021. ADMINISTRATIVE COSTS: Ci used the charity’s T3010 filing with the CRA to adjust for administrative costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
1 |
$40k - $80k |
9 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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: 250-763-7161