Greater Vancouver Food Bank Society
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.
High
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 Greater Vancouver Food Bank Society:
Greater Vancouver Food Bank is a five-star financially transparent charity with a High demonstrated impact score. It has an A+ results reporting grade, which is excellent. For every dollar donated to the charity, 84 cents are available to go to the cause.
Founded in 1983, Greater Vancouver Food Bank (GVFB) collects, buys, and distributes food to those in need through both its own and agency network’s facilities. The charity operates four food distribution centres in Vancouver, Burnaby, New Westminster, and North Shore. The charity also provides food and financial support to its 141 Community Agency Partners (CAP). According to the charity, food banks across Canada face unprecedented demand, increasing pressure on GVFB’s food operations. The charity runs two programs: individual food distribution and agency support services (food and financial donations to its CAP). The charity disclosed that 55% and 45% of food distribution goes to individuals and agencies respectively. Since all of the charity’s program spending relates to food distribution and similar activities (grants to agencies, food purchases, and facility operations), Ci used it as its program spending breakdown.
A Charity Intelligence 2023 Top 100 Rated Charity
Food distributed to individuals was 55% of the charity’s program spending. In F2023, GVFB distributed 5.8m lb of food to 27,000 clients across 252,173 visits through its four facilities. Of these 27,000 clients, 60% were adults, 13% were seniors, and 27% were children. The charity also reported 9,940 new client registrations in F2023.
Agency support services was 45% of the charity’s program spending and includes both food and financial support provided to its network. In F2023, GVFB distributed 3.3m lb of food and provided $380,745 grant funding to its 141 agency partners. The charity states that this helped over 15,000 clients across 143,478 visits. GVFB also introduced 24 new CAP members to its network in F2023.
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Results and Impact
Greater Vancouver Food Bank distributed 5.8m lb of food during 252,173 visits in F2023 to its four facilities. This means that the charity provided 23.0 lb of food on average for each visit. The charity also reported serving 27,000 unique clients, meaning each unique client received an average of 215 lb of food over F2023.
Greater Vancouver Food Bank also distributed 3.3m lb of food to its 141 agency partners during 143,478 visits in F2023. This means that the charity provided 40.0 lb of food on average for each visit.
While Ci highlights these key results, they may not be a complete representation of Greater Vancouver Food Bank’s results and impact.
Charity Intelligence has given Greater Vancouver Food Bank a High impact score based on its demonstrated impact per dollar spent.
Impact Rating: High
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Finances
Greater Vancouver Food Bank changed its auditor in F2023 and the Ci team completed a material restatement of GVFB’s F2022 financial statement. In F2023, GVFB received $18.4m cash and $16.2m food donations, a 22% and 30% respective increase from F2022. Administrative costs are 4% of revenues and fundraising costs are 12% of donations. This results in total overhead spending of 16%. For every dollar donated, 84 cents are available to go to the cause.
In F2023, the charity spent $11.3m on its programs, which is 61% of revenues excluding investment income and donated food. The charity increased its program spend by $2.0m (21%) since F2022.
At the end of F2023, Great Vancouver Food Bank had $27.8m in funding reserves (cash and investments) which covers 245% or 2 years and 5 months of its annual program spending.
Profile updated June 6, 2024 by Julian Dranitsaris. Comments and corrections may be forthcoming.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 3.7% | 3.9% | 2.6% |
| Fundraising costs as % of donations | 12.5% | 14.7% | 9.8% |
| Total overhead spending | 16.2% | 18.6% | 12.4% |
| Program cost coverage (%) | 245.3% | 256.5% | 308.6% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 18,424 | 15,086 | 19,640 |
| Goods in kind | 16,244 | 12,535 | 12,892 |
| Government funding | 0 | 99 | 136 |
| Investment income | 1,286 | 81 | 171 |
| Total revenues | 35,955 | 27,800 | 32,840 |
| Program costs | 11,324 | 9,335 | 7,204 |
| Donated goods exp | 16,244 | 12,535 | 12,892 |
| Administrative costs | 1,289 | 1,078 | 837 |
| Fundraising costs | 2,304 | 2,217 | 1,924 |
| Total spending | 31,161 | 25,165 | 22,857 |
| Cash flow from operations | 4,794 | 2,635 | 9,983 |
| Capital spending | 774 | 655 | 897 |
| Funding reserves | 27,782 | 23,949 | 22,230 |
Note: 1. DEFERRED ADJUSTMENT: GVFB uses deferred accounting. To show donors this information on a consistent basis, Ci adjusted for these deferred revenues. This affected revenues by ($372k), ($1.2m), and ($1.3m) in F2023, F2022, and F2021 respectively. 2. CAPITAL ASSET DISPOSAL: Ci also removed gains on the disposal of capital assets from donations. This affected revenues by ($2k), ($50k), and ($9k) in F2023, F2022, and F2021 respectively. 3. UNREALIZED INVESTMENT INCOME: Ci also adjusted investment income for changes in fair investment value. This affected revenues by $209k, ($289k), and $16k in F2023, F2022, and F2021 respectively. 4. AMORTIZATION: Ci removed amortization on a pro-rata basis from administrative, program, and fundraising costs. 5. GOVERNMENT FUNDING: Ci recorded government funding from the charity's T3010 filings with the CRA and removed the amounts from donations. This affected revenues by ($nil), ($99k), and ($136k) in F2023, F2022, and F2021 respectively.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
5 |
$40k - $80k |
2 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
The following comments were received and updated on October 18, 2021.
The Greater Vancouver Food Bank is dedicated to running an efficient, sustainable organization that addresses food insecurity in the communities we support. We strive to continuously make the most effective use possible of the contributions entrusted to us by our generous donors. We value and include our clients’ voices in the assessment of our current programs at the GVFB and the development of future programming. Our unique position in the food system allows us to share robust data with stakeholders who are addressing and working toward solving hunger in British Columbia.
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604-876-3601