191 New Toronto Street
Toronto, ON M8V 2E7
CEO: Neil Hetherington
Board Chair: Ben Wise

Charitable Reg. #:11888 1549 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

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✔+

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.

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.

88%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 88 cents are available for programs.



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OVERVIEW

About Daily Bread Food Bank:

Founded in 1983, Daily Bread Food Bank (Daily Bread) is now one of Canada’s largest food banks. Daily Bread works with its partners to provide food and help to people struggling with hunger in the Toronto area. According to the charity, 4.4 million Canadians and 1.2 million Canadian children are food insecure. In F2020, Daily Bread supplied and distributed food to support 173 food programs in the Greater Toronto Area. These programs are run by 118 member agencies, including shelters, meal programs, and other food banks.

In F2020, Daily Bread distributed approximately 13 million lb of food, an 18% increase from F2019. Aside from giving food to partner organizations, Daily Bread also runs its own kitchen. In F2020, its kitchen distributed 112,030 daily meal servings.

Daily Bread Food Bank’s research and advocacy division explores hunger and poverty in Toronto and advocates for policy change. In partnership with the North York Harvest Food Bank, the charity published the Who’s Hungry report. The report describes current statistics on the people and areas most affected by hunger, the causes of hunger, and solutions to hunger in the GTA. The 2020 report used data collected in one-on-one interviews with over 1,400 food bank clients at over 50 partner organizations. Its data is used in the media, government, and non-profit sectors.

In F2019, Daily Bread launched its Summer Produce Markets. In F2020 the program provided 156,573 lb of fresh food to 10,000 individuals in low-income communities. It also partnered with Purolator to launch the Red Bag Campaign in F2020. The campaign raised 6,474 lb of non-perishable food which was distributed throughout the Danforth area.

After being temporarily shut down due to covid-19, Daily Bread partnered with the Toronto Public Library and relocated its food distribution to empty libraries across Toronto. In two months, it distributed 300,000 lb of food to 18,120 people.

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Results and Impact

The 2020 Who’s Hungry report highlights the needs of clients accessing Daily Bread’s services. 43% of survey respondents reported experiencing hunger at least once per week because they could not afford to buy enough food. 22% of survey respondents reported that their children experienced hunger at least once a week.

In F2020, Daily Bread Food Bank distributed 13 million lb of food to individuals experiencing food insecurity. Of that, 1.2 million lb of food was distributed as a part of covid-19 emergency food boxes.

While Ci highlights these key results, they may not be a complete representation of Daily Bread Food Bank’s results and impact.

Charity Intelligence gave Daily Bread an impact rating of Fair for proven impact per dollar.

Impact Rating: Fair

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Finances

Daily Bread Food Bank received $25.3m in monetary donations and $25.0m in food donations in F2020. Daily Bread’s administrative costs are 1% of revenues (excluding investment income). Fundraising costs are 10% of cash donations. This results in overhead costs of 12%. For every dollar donated, 88 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

The charity has total funding reserves of $17.7m. Excluding the cost of donated food, Daily Bread’s funding reserves can cover program costs for just over two years.

Daily Bread paid external fundraisers $58k in F2019 to raise $121k for a cost of $0.48 per dollar raised.

Charity Intelligence has sent this update to Daily Bread Food Bank for review. Comments and edits may be forthcoming.

Updated on June 4, 2021, by Shira Wine.

Financial Review


Financial Ratios

Fiscal year ending June
202020192018
Administrative costs as % of revenues 1.3%1.7%3.5%
Fundraising costs as % of donations 10.3%25.4%22.1%
Total overhead spending 11.6%27.1%25.6%
Program cost coverage (%) 206.6%43.2%75.7%

Summary Financial Statements

All figures in $000s
202020192018
Donations 25,2938,9168,866
Goods in kind 25,00620,80818,930
Government funding 81242414
Fees for service 167190205
Investment income 845451
Other income 871174132
Total revenues 51,50230,38528,597
Program costs 8,5646,2626,125
Donated goods exp 25,00620,80818,930
Administrative costs 652517998
Fundraising costs 2,6102,2621,957
Total spending 36,83229,84928,009
Cash flow from operations 14,670536588
Capital spending 2112,2541,103
Funding reserves 17,6892,7064,637

Note: Ci removed amortization from program, administrative, and fundraising costs based on the charity's allocation in its financial statements.

Salary Information

Full-time staff: 73

Avg. compensation: $59,445

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
1
$120k - $160k
1
$80k - $120k
8
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

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Charity Contact

Website: www.dailybread.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-203-0050

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