Mississauga Food Bank
Mississauga, ON L4X 2E2
Executive Director: Chris Hatch
Board Chair: Graham Walsh
Charitable Reg. #: 11892 7011 RR0001
Grade: A-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #13
Avg. Compensation $41,525
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||0|
|$80k - $120k||2|
|$40k - $80k||8|
About Mississauga Food Bank:
Founded in 1985, The Mississauga Food Bank (TMFB) is the largest food bank in Mississauga. It collects donated food, manages supplies and distributes food to local charities that feed hungry people in Mississauga. TMFB also sends food to breakfast clubs, shelters and other food banks. The charity reports that 15% of Mississauga’s population lives in poverty.
In F2015, The Mississauga Food Bank spent $1m on purchasing, packing and distributing food. By giving away 0.6 million kilos of food to 52 local charities and agencies, TMFB provided 2.2 million meals in 2015. Additionally, TMFB sends, on average, 183,000 meals to the local charities and agencies every month. The food reached 87,779 people last year. The Mississauga Food Bank publishes the Face of Hunger report anually, explaining the causes and consequences of poverty in Mississauga. Through its research, TMFB singles out rising housing costs as the main cause of poverty in Mississauga. On average, 70% of income goes towards rent. Additionally, there are only 10,730 subsidized rental units in Mississauga.
The Mississauga Food Bank reports that every $1 donated provides 3 meals to those in need.
The Mississauga Food Bank is a Mid-Cap charity, which received monetary donations of $1.2m in F2015 along with donated food worth $3.4m in F2015. The cost of donated food is unaudited. Administrative costs are 3% of total revenues and fundraising costs are 17% of total donations. Total overhead costs come to 21%, falling within Ci’s reasonable range. TMFB has total funding reserves of $452k. Excluding the cost of donated food, TMFB’s funding reserves cover program costs for 6 months.
This report is an update and is currently being reviewed by the charity. Changes and edits may be forthcoming.
Updated July 4th, 2016 by Mirza Ali Shakir.
Financial RatiosFiscal year ending May
|Administrative costs as % of revenues||3.2%||2.4%||1.9%|
|Fundraising costs as % of donations||17.3%||14.5%||14.5%|
|Program cost coverage (%)||44.6%||63.9%||65.3%|
Summary Financial StatementsAll figures in $s
|Goods in kind||3,381,113||3,403,586||3,629,545|
|Fees for service||0||0||36,988|
|Cash flow from operations||(43,611)||72,491||66,520|