Food Banks Mississauga
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About Food Banks Mississauga:
Food Banks Mississauga is a five-star financially transparent charity with a Good demonstrated impact score. It has an A+ results reporting grade, which is excellent. For every dollar donated to the charity, 73 cents are available to go to the cause.
Founded in 1986, Food Banks Mississauga (FBM) prepares and delivers healthy food across Mississauga to those unable to afford it. As the largest food bank in Mississauga, the charity leads a network of over 65 agencies who deliver meals, host community markets, and redistribute wasted edible food to those in need. According to the charity, 5% of those living in Mississauga (35,538 people) rely on FBM's services and half of these are first-time users in F2023. Children also increasingly rely on FBM with 11,043 F2023 users, a 10% increase from the prior year. FBM’s food bank programs include its food bank services, Food Bank 2 Home Deliver, ReclaimFRESH food rescue, and its Community Market. Non-food related programs include its Tax Clinic and Ukraine Support Program. The charity spent $6.1m on its programs in the fiscal year ending May 2023 (F2023).
A Charity Intelligence 2023 Top 100 Rated Charity
Food bank service program distributed 5,925,109 lb of food to 35,538 F2023 unique clients, a 10% and 18% increase from 5,222,247 lb and 30,038 clients in F2022 respectively. The charity also reported a total of 235,750 food bank visitors in F2023, a 1% increase from 231,194 visitors in F2022.
Food Bank 2 Home delivery program provides a meal home delivery service to those unable to purchase food on their own. The charity fulfils custom food orders for the physically disabled, mobility-restricted seniors, and people living without a support network. In F2023, the charity delivered 216,348 meals containing fresh, frozen, and shelf-stable food to 560 households and 1,013 individuals.
ReclaimFRESH food rescue program addresses Canadian food waste through partnerships with local farmers, grocery stores, and wholesalers. According to the charity, Canadians waste 2.3 million tonnes of surplus edible food. In F2023, the charity rescued 775,000 lb of food and delivered this to its agency network.
Community Market program hosts pop-up food banks across Mississauga, providing free fruits and vegetables to people living in high-priority neighbourhoods. In F2023, FBM distributed 63,327 lb of food to 938 households.
Other non-food programs include the charity’s Tax Clinic and Ukraine Support programs. FBM filed 338 tax returns for low income households and served 347 Ukrainian temporary residents in F2023.
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Results and Impact
Food Banks Mississauga distributed 5,925,109 lb of food to 235,750 visitors in F2023, meaning the charity provided 25.1 lb of food on average for each visitor. The charity reports it served 35,539 food bank users, meaning each unique client received an average of 157 lb of food over F2023.
The community markets distributed 63,327 lb of food to 938 households, averaging 67.5 lb per household.
FBM reports that its income tax clinic returned $1,521,400 to 314 clients in F2023. This means that each client received an average $4,501 tax return.
While Ci highlights these key results, they may not be a complete representation of Food Banks Mississauga's results and impact.
Charity Intelligence has given Food Banks Mississauga a Good impact rating based on its demonstrated impact per dollar spent.
Impact Rating: Good
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Finances
In F2023, Food Banks Mississauga received $6.0m in donations, a 15% increase compared to $5.0m donations and special events revenue in F2022. The charity also received $977k net government funding which is 4% of revenues. Administrative costs are 3% of revenues and fundraising costs are 24% of donations. This results in total overhead spending of 27%. For every dollar donated, 73 cents are available to go to the cause.
In F2023, the charity spent $6.1m on its programs, which is 86% of revenues excluding donated food. The charity increased its program spend by $2.7m (79%) compared to F2022, which is a significant increase.
At the end of F2023, Food Banks Mississauga had $5.1m in reserve funds (cash and investments) which covers 83% or slightly over 9 months of its annual program spending. This means that the charity can sustain its programs for less than a year in an absence of funding.
Profile updated May 29, 2024 by Julian Dranitsaris. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending May
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 2.9% | 3.9% | 3.2% |
Fundraising costs as % of donations | 24.3% | 21.2% | 12.3% |
Total overhead spending | 27.2% | 25.1% | 15.5% |
Program cost coverage (%) | 82.7% | 208.9% | 214.9% |
Summary Financial StatementsAll figures in $s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 6,017 | 4,961 | 6,330 |
International donations | 0 | 0 | 0 |
Goods in kind | 18,703 | 14,355 | 9,436 |
Government funding | 977 | 969 | 172 |
Special events | 0 | 260 | 557 |
Other income | 117 | 63 | 66 |
Total revenues | 25,814 | 20,608 | 16,561 |
Program costs | 6,130 | 3,422 | 2,936 |
Donated goods exp | 18,703 | 14,355 | 9,436 |
Administrative costs | 745 | 800 | 533 |
Fundraising costs | 1,464 | 1,106 | 846 |
Other costs | 0 | 0 | 0 |
Total spending | 27,042 | 19,684 | 13,751 |
Cash flow from operations | (1,229) | 925 | 2,810 |
Capital spending | 584 | 0 | 17 |
Funding reserves | 5,072 | 7,148 | 6,308 |
Note: 1. NON-GOVERNMENT DEFERRED ADJUSTMENT: Food Banks Mississauga uses deferred accounting. To show donors this information on a consistent basis, Ci adjusts donations for changes in deferred non-government contributions. This affected revenue by $277k, ($12k), and $98k in F2023, F2022, and F2021 respectively. 2. GOVERNMENT DEFERRED ADJUSTMENT: Ci also removed deferred government funding from revenue. This affected revenues by ($546k), $438k, and ($289k) in F2023, F2022, and F2021 respectively. 3. DEFERRED CAPITAL CONTRIBUTIONS: Ci also removed amortization for deferred capital contributions from revenue. This affected revenues by ($36k), ($22k), and ($24k) in F2023, F2022, and F2021 respectively.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
5 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Learn More: Food Bank Mississauga 2023 Annual Impact Report
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 905-270-5589