Feed Nova Scotia
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.
84%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 84 cents are available for programs.
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OVERVIEW
About Feed Nova Scotia:
Feed Nova Scotia is a top-rated 5-star charity. It is financially transparent, has an above-average results reporting grade, and Good demonstrated impact. Its overhead costs are within Ci's reasonable range. With its current reserves, it can cover two years and three months of annual program costs.
Founded in 1984, Feed Nova Scotia works to increase food security in the Province of Nova Scotia through food distribution and education. The charity reports that in 2022, 22% of Nova Scotians lived in food-insecure households. Feed Nova Scotia accepts, collects, and distributes food and food-related products. In F2023, the charity supported 140 member agencies.
A Charity Intelligence 2023 Top 100 Rated Charity
In F2023, Feed Nova Scotia distributed 2.7 million kilograms of food. The charity reports that at least 46,434 people received food support from Feed Nova Scotia’s member agencies in 2022. Feed Nova Scotia states that in F2023, when it provided financial support to member agencies, 76% used the money to buy food, 49% used it on gift cards to give to people, 21% used it to reduce transportation barriers to food and 6% used it to provide other essentials.
In the aftermath of Hurricane Fiona, Feed Nova Scotia distributed 800 food boxes to residents in Halifax, Antigonish, and Cape Breton.
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Results and Impact
In F2023, Feed Nova Scotia distributed 2.7 million kilograms of food.
While Charity Intelligence highlights these key results, they may not be a complete representation of Feed Nova Scotia’s results and impact.
Charity Intelligence rates Feed Nova Scotia as Good on demonstrated impact per dollar spent.
Impact Rating: Good
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Finances
Feed Nova Scotia had cash donations of $6.6m and $14.9m in donated food and other goods in F2023. Fundraising costs are 11% of cash donations and administrative costs are 5% of revenues. This results in a total overhead spending of 16%. For every dollar donated, 84 cents are available for programs. This is within Ci’s reasonable range for overhead spending.
In F2023, Feed Nova Scotia spent $4.8m on its programs and $2.9m on donor designated grants, which together formed 78% of total revenues (excluding goods in kind). The charity had a surplus of $782k, which is 8% of revenues (excluding goods in kind).
Feed Nova Scotia has $10.7m in reserve funds. These are the charity’s cash and investments. Feed Nova Scotia has two years and three months of annual program costs covered by its current reserves.
This charity report is an update that was sent for review to Feed Nova Scotia. Changes and edits may be forthcoming.
Updated on June 20, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.0% | 4.2% | 3.6% |
| Fundraising costs as % of donations | 10.6% | 9.4% | 7.0% |
| Total overhead spending | 15.6% | 13.6% | 10.5% |
| Program cost coverage (%) | 224.3% | 164.3% | 208.9% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 6,584 | 6,505 | 10,135 |
| Goods in kind | 14,932 | 16,347 | 14,674 |
| Government funding | 3,007 | 2,223 | 1,511 |
| Investment income | 20 | (130) | 152 |
| Other income | 132 | 33 | 459 |
| Total revenues | 24,675 | 24,978 | 26,931 |
| Program costs | 4,782 | 5,965 | 4,353 |
| Donor-designated donations | 2,851 | 719 | 1,622 |
| Donated goods exp | 14,324 | 14,227 | 14,277 |
| Administrative costs | 1,240 | 1,050 | 956 |
| Fundraising costs | 697 | 613 | 707 |
| Total spending | 23,894 | 22,574 | 21,916 |
| Cash flow from operations | 782 | 2,404 | 5,015 |
| Capital spending | 73 | 76 | 115 |
| Funding reserves | 10,725 | 9,801 | 9,094 |
Note: AMORTIZATION: Ci removed amortization expenses from administration and program expenses. DEFERRED DONATIONS: Ci adjusted for deferred capital contributions, affecting total revenues by ($47k) in F2023, ($22k) in F2022, and $151k in F2021. Ci also adjusted for deferred government and non-government funding, affecting revenues by $159k in F2023, ($32k) in F2022, and $79k in F2021. INNOVATION AND LEARNING LAB: Ci included revenues designated for the Innovation and Learning lab, increasing donations by $90k in F2023, $nil in F2022, and $nil in F2021. Ci included expenses for the Innovation and Learning Lab, increasing program expenses by $188k in F2023, $nil in F2022, and $nil in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
9 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
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Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (902) 457-1900