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.
87%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 87 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, Good demonstrated impact, and low overhead costs. With its current reserves, it can cover one year 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 80% of households in Nova Scotia on social assistance are food insecure. Feed Nova Scotia accepts, collects, and distributes food and food-related products. In F2021, these products collectively supported 140 member agencies.
In F2022, Feed Nova Scotia distributed a total of 3.0 million kilograms of food, of which 48% was fresh and 21% was purchased. The charity reports that for the F2022 holiday season it matched over 20,000 individuals with food or gift support. Feed Nova Scotia supplied 3,998 produce hampers, 4,517 turkeys, 1,291 chickens, 278 vegan options, and 700 prepared dinners.
Feed Nova Scotia launched its covid-19 food box program in May 2020 which is a province-wide home delivery program. On August 15, 2022, the program ended. In F2022, the charity directly delivered 479,074 kilograms of food.
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Results and Impact
In F2021, Feed Nova Scotia distributed 3.1 million kilograms of food to its member agencies which collectively supported over 37,000 Nova Scotians.
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 $16.3m in donated foods and other goods in F2022. Fundraising costs are 9% of cash donations and administrative costs are 4% of revenues. This results in a total overhead spending of 13%. For every dollar donated, 87 cents go towards the charity’s program, which is within Ci’s reasonable range for overhead spending.
Feed Nova Scotia has $7.7m in reserve funds. These are the charity’s cash and investments. Feed Nova Scotia has one year 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 21, 2023 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 4.2% | 3.6% | 4.9% |
| Fundraising costs as % of donations | 9.3% | 6.9% | 15.2% |
| Total overhead spending | 13.5% | 10.5% | 20.1% |
| Program cost coverage (%) | 129.9% | 208.9% | 129.5% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 6,600 | 10,187 | 3,235 |
| Goods in kind | 16,347 | 14,674 | 12,089 |
| Government funding | 2,223 | 1,511 | 0 |
| Special events | 0 | 0 | 1,189 |
| Investment income | (130) | 152 | 0 |
| Other income | 33 | 459 | 25 |
| Total revenues | 25,072 | 26,982 | 16,539 |
| Program costs | 5,965 | 4,353 | 2,351 |
| Donor-designated donations | 719 | 1,622 | 296 |
| Donated goods exp | 14,227 | 14,277 | 11,841 |
| Administrative costs | 1,050 | 956 | 807 |
| Fundraising costs | 613 | 707 | 672 |
| Total spending | 22,574 | 21,916 | 15,968 |
| Cash flow from operations | 2,499 | 5,067 | 571 |
| Capital spending | 76 | 115 | 14 |
| Funding reserves | 7,747 | 9,094 | 3,044 |
Note: Ci removed amortization expenses from administration and program expense. Ci excluded amortization of capital contributions. Ci adjusted for deferred capital contributions in order to report contributions on a cash basis. This affected revenues by $73k in F2022, $203k in F2021 and $188k in F2020. Ci also adjusted for deferred government and non-government funding, affecting revenues by ($32k) in F2022, $79k in F2021 and ($26k) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
6 |
$40k - $80k |
3 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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