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.
85%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.
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Programs
About Canadian Foodgrains Bank:
Founded in 1983, Canadian Foodgrains Bank (CFB) is a Christian charity that works to eliminate hunger around the world. CFB is a partnership of 15 churches and church-based agencies that work towards this goal. CFB states that approximately 800 million people around the world are undernourished. Children, women, and rural communities are most at risk for hunger. In F2018, CFB helped over 800,000 people in 34 countries through 3 international programs: Humanitarian Food Assistance, Agriculture & Livelihoods, and Nutrition. CFB’s Public Engagement program aims to educate and engage Canadians in its mission of ending global hunger. CFB also runs Public Policy programs which advocate for changes that enable families and communities to better feed themselves.
A Charity Intelligence 2020 Top 10 Impact Charity
Canadian Foodgrains Bank’s Humanitarian Food Assistance programs made up 58% of total program spending in F2018. This program provides food and nutrition assistance in emergencies, and can take the form of food distributions, special therapeutic foods, or vouchers or cash to purchase food. CFB reports responding to emergencies in 17 countries in Africa, the Americas, and Asia and the Middle East in F2018.
In F2018, Canadian Foodgrains Bank spent 31% of total program spending on Agriculture & Livelihoods programs. These programs work to address the long-term hunger problem by promoting sustainable agriculture practices, helping people return home after displacement, and helping to ensure that families and communities are prepared to withstand and recover from natural disasters. CFB reports that in F2018, Agriculture & Livelihoods programs were completed in 27 countries.
In F2018, Canadian Foodgrains Bank ran 117 projects: 68% (79) were projects in Africa, 27% (32) in Asia, and 5% (6) in the Americas. CFB reports directly helping 843,967 people in F2018 (down 9% from F2017) at $48 per person based on total operating costs.
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Results and Impact
Canadian Foodgrains Bank reports that over 14,000 children were treated for severe acute malnutrition in Democratic Republic of Congo, Haiti, Somalia and South Sudan in F2018. Over the last three years in East Africa, CFB reports that 31,605 farmers have been trained in conservation agriculture methods. As a result, 25,512 farmers are implementing conservation agriculture on their farms.
While Ci highlights these key results, they may not be a complete representation of Canadian Foodgrains Bank’s results and impact.
Charity Intelligence rates Canadian Foodgrains Bank as High in demonstrated impact per dollar.
Impact Rating: High
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Finances
Canadian Foodgrains Bank is a large charity, with total donations of $19.3m in F2019. Administrative costs are 7% of revenues (excluding investment income) and fundraising costs are 8% of donations. For every dollar donated, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending. Funding reserves of $47.6m can cover 1.2 years of annual program costs.
CFB paid external fundraisers $16k in F2018 to raise $113k for a cost of 14 cents per dollar raised.
This charity report is an update that has been sent to Canadian Foodgrains Bank for review. Changes and edits may be forthcoming.
Updated on June 26, 2019 by Lauren Chin.
Financial Review
Fiscal year ending March
|
2019 | 2018 | 2017 |
|---|---|---|---|
| Administrative costs as % of revenues | 6.7% | 6.4% | 6.3% |
| Fundraising costs as % of donations | 8.4% | 7.1% | 8.5% |
| Total overhead spending | 15.1% | 13.6% | 14.8% |
| Program cost coverage (%) | 116.6% | 117.1% | 103.2% |
Summary Financial StatementsAll figures in $000s |
2019 | 2018 | 2017 |
|---|---|---|---|
| Donations | 19,261 | 20,420 | 15,768 |
| Government funding | 28,209 | 28,006 | 30,366 |
| Fees for service | 90 | 90 | 90 |
| Investment income | 512 | 402 | 324 |
| Other income | 94 | 71 | 52 |
| Total revenues | 48,166 | 48,989 | 46,600 |
| Program costs | 40,822 | 24,223 | 25,896 |
| Grants | 0 | 14,669 | 13,785 |
| Administrative costs | 3,214 | 3,130 | 2,905 |
| Fundraising costs | 1,615 | 1,458 | 1,339 |
| Other costs | (30) | 0 | (8) |
| Total spending | 45,621 | 43,480 | 43,917 |
| Cash flow from operations | 2,544 | 5,509 | 2,684 |
| Capital spending | 77 | 99 | 103 |
| Funding reserves | 47,606 | 45,540 | 40,949 |
Note: To report on a cash bases, Ci adjusted for amortization. This reduced expenses by $143k in F2019, $163k in F2018, and $160k in F2017.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
1 |
$80k - $120k |
8 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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