Grocery Foundation
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
C+
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
Fair
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.
63%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 63 cents are available for programs.
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OVERVIEW
About Grocery Foundation:
Grocery Foundation is a 1-star charity that is not financially transparent. Its results reporting score is C+, which is below average. Its overhead spending is outside Ci’s reasonable range. Its reserve funds can cover one year and two months of annual program costs.
Founded in 1979, Grocery Foundation fundraises and provides grants for school nutrition programs. The charity states that at least one in three Canadian children lives in a home struggling with food insecurity. Grocery Foundation operates in Ontario, Western Canada, and Atlantic Canada.
The charity’s sole charitable program is its School Breakfast Program, which funds programs that offer breakfasts to students in a participating school. In F2023, the charity reported funding 166,311 meals in Atlantic Canada, 941,619 in Western Canada, and 2,701,687 in Ontario.
The charity also operates two fundraising campaigns. In F2023, these campaigns raised $4.9m and $4.0m respectively. The charity reports that the proceeds from these events were donated to school nutrition programs. In its T3010 filing with the Canada Revenue Agency, the charity reports $1.8m in grants to qualified donees, primarily conducting food programs but also including $600k to Kids Help Phone. The audited financial statements disclose an additional $444k going to the Voucher program, providing gift cards for food. The charity provides no detail about the remaining $4.2m in spending to a reported 3,000 additional programs.
Toonies for Tummies encourages shoppers to donate money at checkout. The Night to Nurture is a fundraising gala in partnership with Kids Help Phone. The gala is hosted for grocery store executives, entertained by Carly Rae Jepson in 2024.
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Results and Impact
Charity Intelligence rates Grocery Foundation as Fair impact based on demonstrated impact per dollar spent.
According to the charity, students who regularly eat breakfast experience a 17% improvement in graduation rates compared to their peers. However, it is not clear if this data represents students funded by the Grocery Foundation.
While Ci highlights these key results, they may not be a complete representation of Grocery Foundation’s results and impact.
Impact Rating: Fair
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Finances
Grocery Foundation received $8.9m in donations in F2023. Administrative costs are 4% of revenues (less investment income). Fundraising costs are 33% of donations. Total overhead spending is 37%. For every dollar donated to the charity, 63 cents go to the cause. This is outside Ci's reasonable range for overhead spending. Grocery Foundation has funding reserves of $7.3m which can cover one year and two months of annual program costs.
The charity spent $1.8m on grants to school nutrition programs. The charity does not disclose where the remaining $4.2m expenditure goes.
The charity only posts summarized audited financial statements on its website. Its auditor notes that these "summarized statements do not contain all disclosures required by Canadian accounting standards. The summary financial statements is not a substitute" for the complete audited statements. As such, Charity Intelligence has scored Grocery Foundation as not fully transparent on its financials.
In its annual filings with the Canada Revenue Agency, Grocery Foundation has not reported any full-time or part-time employees since F2016. However, it did report paying $624k in professional and consulting fees in F2023, $406k in F2022, and $389k in F2021.
This report is an update that has been sent to Grocery Foundation for review. Changes and edits may be forthcoming.
Updated on June 6, 2024 by Stellar Zhang.
Financial Review
Fiscal year ending June
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 4.3% | 2.3% | 2.4% |
Fundraising costs as % of donations | 32.9% | 20.7% | 19.8% |
Total overhead spending | 37.2% | 23.0% | 22.2% |
Program cost coverage (%) | 113.1% | 90.0% | 139.7% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 8,854 | 7,438 | 7,314 |
Fees for service | 885 | 919 | 937 |
Investment income | 94 | 12 | 88 |
Other income | 17 | 81 | 1 |
Total revenues | 9,849 | 8,449 | 8,339 |
Program costs | 4,661 | 4,428 | 3,175 |
Grants | 1,786 | 1,927 | 2,019 |
Donated goods exp | 0 | 0 | 0 |
Administrative costs | 424 | 193 | 199 |
Fundraising costs | 2,911 | 1,543 | 1,447 |
Total spending | 9,782 | 8,091 | 6,839 |
Cash flow from operations | 67 | 358 | 1,500 |
Capital spending | 0 | 0 | 0 |
Funding reserves | 7,292 | 5,721 | 7,254 |
Note: Ci included costs associated with the gala dinner and Toonies for Tummies in fundraising costs. Ci reported grants to qualified donees from the charity's T3010 CRA filings. Ci reported amortization from CRA filings and backed the amounts out of program, administrative, and fundraising costs on a pro-rata basis. Ci reported donation commitments less gifts to qualified donees as donated goods used in programs. Ci adjusted for the difference between donation commitments reported and deferred grant contributions affecting spending by $81k in F2023, ($208k) in F2022, and ($923k) in F2021. Ci adjusted for deferred donations, affecting revenues by $nil in F2023, $45k in F2022, and $nil in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: (416) 515-8165