Canadian Foodgrains Bank
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.
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 Canadian Foodgrains Bank:
Canadian Foodgrains Bank is a 5-star rated charity and a top 10 impact charity. It has an A+ grade in results reporting, best practices in financial transparency, and low overhead spending.
Founded in 1983, Canadian Foodgrains Bank (Foodgrains Bank) is a Christian charity that works to eliminate global hunger. Foodgrains Bank is a partnership of 15 churches and church-based agencies that work in developing countries to meet emergency food needs and provide long-term solutions to hunger. The charity states that up to 828 million people worldwide experience hunger, 98% of whom live in developing countries.
A Charity Intelligence 2022 Top 10 Impact Charity
Foodgrains Bank runs two main international programs: Emergency Food Assistance and Long-term Response to Hunger (Agriculture and Livelihoods). In F2022, the charity ran 106 projects in 34 countries, which reached 939,447 people. By region, it ran 70 projects in Africa ($32m budgeted), 28 projects in Asia ($16m), and eight projects in the Americas ($4m).
In F2022, Canadian Foodgrains Bank granted $23.7m to other agencies to carry out food assistance programs. The charity's three largest grant recipients were World Renew ($12.5m), ADRA Canada ($7.4m), and Mennonite Central Committee Canada ($1.8m).
Emergency Food Assistance accounted for 67% of total program spending in F2022. The charity provides emergency food and nutrition assistance to families affected by humanitarian crises. Canadian Foodgrains Bank distributes food rations and vouchers/cash to purchase food. Foodgrains Bank reports responding to humanitarian emergencies in 19 countries in F2022. The top three crises responded to by budget were Syria ($4.3m), Yemen ($2.7m), and Lebanon ($2.5m).
Long-term Response (Agriculture and Livelihoods) made up 25% of program spending in F2022. The charity works to address long-term hunger by promoting sustainable agriculture practices and improving family nutrition, particularly for pregnant/nursing mothers. The charity approved funding to support 442,373 people facing long-term hunger and malnutrition in 24 countries.
The remaining portion of program spending went to Canadian Foodgrains Bank's Nutrition (5%), Public Policy (2%), and Public Engagement (<1%) programs. The charity's Public Policy program advocates for change with government policymakers. Its Public Engagement program aims to educate and engage Canadians in its mission of ending global hunger.
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Results and Impact
In F2022, Canadian Foodgrains Bank reported providing emergency food assistance to 402,072 people in 19 countries. The Foodgrains Bank responded to various disasters and crises, including the conflict and flooding in South Sudan and the conflict in the Democratic Republic of the Congo.
As for its Long-term Response program, the charity reports that it trained 60k farmers in conservation agriculture (CA) techniques in F2020. The charity evaluated a sample of CA and non-CA yields in two regions of Ethiopia, four regions of Kenya, and three regions of Tanzania. All regions showed greater yields attributed to CA, ranging from 23% to 440%, with an average increase of crop yield of 72%. At the individual level, because of Foodgrains Bank's agriculture training, 84% of farmers reported an increase in crop yields in F2020.
Charity Intelligence highlights these key results. They may not be a complete representation of Foodgrains Bank's results
Charity Intelligence rates Canadian Foodgrains Bank as High in demonstrated impact per dollar.
Impact Rating: High
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Finances
Canadian Foodgrains Bank received total donations of $19.9m in F2022. It also received $35.1m in government funding, representing 52% of total revenue in F2022. Administrative costs are 5% of revenues (excluding investment income), and fundraising costs are 8% of donations. For every dollar donated, 87 cents go to the cause. This is within Ci's reasonable range for overhead spending.
The Foodgrains Bank has funding reserves of $71.2m, which can cover one year and four months of annual program costs.
Canadian Foodgrains Bank holds $21.1m in invested funds, $15.7m of which are in short-term investments and $5.4m in long-term investments.
This charity report is an update that has been sent to Canadian Foodgrains Bank for review. Changes and edits may be forthcoming.
Updated on July 20, 2022 by Ann Lei.
Financial Review
Fiscal year ending March
|
2022 | 2021 | 2020 |
|---|---|---|---|
| Administrative costs as % of revenues | 5.1% | 4.9% | 7.0% |
| Fundraising costs as % of donations | 7.5% | 9.7% | 12.3% |
| Total overhead spending | 12.6% | 14.6% | 19.3% |
| Program cost coverage (%) | 137.8% | 144.6% | 99.7% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
|---|---|---|---|
| Donations | 19,879 | 15,831 | 12,931 |
| International donations | 1,171 | 342 | 928 |
| Goods in kind | 0 | 868 | 0 |
| Government funding | 35,148 | 37,353 | 25,170 |
| Fees for service | 90 | 90 | 90 |
| Investment income | 574 | 311 | 748 |
| Other income | 10,861 | 9,423 | 5,513 |
| Total revenues | 67,723 | 64,218 | 45,380 |
| Program costs - International | 27,016 | 24,270 | 27,073 |
| Program costs - Canada | 988 | 854 | 1,018 |
| Grants | 23,672 | 17,053 | 17,053 |
| Administrative costs | 3,413 | 3,131 | 3,134 |
| Fundraising costs | 1,493 | 1,532 | 1,590 |
| Other costs | (34) | (3) | (29) |
| Total spending | 56,549 | 46,837 | 49,840 |
| Cash flow from operations | 11,174 | 17,381 | (4,460) |
| Capital spending | 0 | 259 | 31 |
| Funding reserves | 71,214 | 60,975 | 45,030 |
Note: Ci reported international donations from the charity's T3010 filing with the CRA separately from Canadian donations. Donated land with a value of $868k in F2021 was removed from Canadian donations and reported separately as donated goods in kind. Ci reported foreign exchange gain as investment income affecting revenue by $34k in F2022, $3k in F2021, and $29k in F2020. Ci adjusted for unrealized gain (loss) affecting revenue by $41k in F2022, ($32k) in F2021, and $nil in F2020. Ci adjusted for deferred government funding from international organizations (Gates Foundation, Packard Foundation, and Norwegian Development Fund), affecting revenue by $285k in F2022, ($259k) in F2021, and $235k in F2020. Ci adjusted for deferred Canadian government funding affecting revenue by $3.4m in F2022, $9.4m in F2021, and ($4.8m) in F2020. To report on a cash basis, Ci adjusted for amortization in program, administrative, and fundraising costs pro-rata. Additionally, Ci used the charity's T3010 filing to report grants to partner organizations of $23.7m, separate from international program costs. Ci adjusted for gain (loss) on disposal of capital assets and land affecting expenses by ($2k) in F2022, $2k in F2021, and $2k in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
4 |
$80k - $120k |
6 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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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: 204-944-1993