Moisson Montréal
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.
Good
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.
89%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 89 cents are available for programs.
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OVERVIEW
About Moisson Montréal:
Moisson Montreal is a five-star charity with Good demonstrated impact. It has an A+ Results Reporting grade, which is excellent. The charity's cash reserves can cover its program costs for two years and nine months. For every dollar donated to the charity, 89 cents are available to go to the cause.
Founded in 1984, Moisson Montréal (MML) collects, sorts, stores, and distributes food to community agencies across Montreal. It is the largest food bank of its kind in Canada. Moisson Montréal is a member of Food Banks Canada and Food Banks of Quebec. In its 2022 Hunger Count, Moisson Montréal states that the number of Montrealers using food assistance increased in 2022. The charity’s community agencies reported receiving 898,381 food aid requests in March 2022, a 25.8% increase compared to March 2021. The charity adds that more and more students, families, and workers are reaching out to food banks for help. Moisson Montreal runs two programs: Food Distribution and Operations and Services to Community Agencies. It spent $6.9 cash on its programs and distributed $149.0m worth of donated goods in the fiscal year ending March 2024 (F2024).
In F2024, Moisson Montreal spent 96% of program costs on its Food Distribution program. In F2024, the charity distributed food to 292 agencies, a decrease compared to 303 in F2023. The decrease is due to agencies closing their doors. MML received 20.6m kg of food, of which 75% was from food donors (grocery stores, producers, distributors, processors), and 25% was from Food Banks of Quebec and Food Banks Canada. The charity distributed 19.3m kg of food at an estimated value of $148m. Of the food distributed, 34% was fruits and vegetables, 15% was mixed products, 13% was cereal products, 11% was dairy products, 8% was canned goods, 8% was meat and substitutes, 6% was beverages, and the remaining 5% was sugary products, salty or fatty foods, baby food, and non-food products. The charity’s hunger report states that 99,130 unique people benefitted from its pantry program in F2022. 36% of the charity’s beneficiaries are children. The main sources of income of its clients are social assistance (37%), employment (16%), and old-age pension plans (13%).
The remaining 4% of program costs went toward its Operations and Services to Community Agencies.
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Results and Impact
Moisson Montreal reports that 99,130 people benefited from its food pantry programs in F2022. In F2024, the charity distributed 19,332,361 kg of food.
Moisson Montreal states that for every $1 donated it can distribute $15 in food to its agencies.
While Ci highlights these key results, they may not be a complete representation of Moisson Montreal’s results and impact.
Ci has rated Moisson Montreal as Good based on demonstrated social impact per dollar spent.
Impact Rating: Good
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Finances
In F2024, Moisson Montreal received $12.2m worth of donations and special events revenue. The charity also received $145.9m worth of donated goods, which is 90% of revenue. The charity spent $6.9m cash on its programs, which is 51% of revenue excluding donated goods. In F2023, MML recorded a cash surplus of $6.5m, which is 48% of revenue.
Administrative costs are 1% of revenue and fundraising costs are 10% of cash donations. This results in 11% total overhead spending. For every dollar donated to the charity, 89 cents are available to go to the cause, which is within Ci’s reasonable range.
Moisson Montreal has $19.0m in reserve funds (cash and investments). This includes a $12.5m endowment held by the Foundation of Greater Montreal. The charity’s reserves can cover 275% or around two years and nice months of its annual program costs.
This report is an update that has been sent to Moisson Montréal for review. Comments and edits may be forthcoming.
Updated on October 4, 2024 by Julian Dranitsaris.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 1.2% | 1.0% | 1.1% |
Fundraising costs as % of donations | 10.2% | 10.2% | 11.0% |
Total overhead spending | 11.4% | 11.2% | 12.1% |
Program cost coverage (%) | 275.4% | 385.0% | 344.1% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 8,966 | 6,590 | 5,787 |
Goods in kind | 148,963 | 125,322 | 96,487 |
Government funding | 394 | 393 | 353 |
Business activities (net) | 447 | 431 | 364 |
Special events | 3,239 | 2,614 | 2,725 |
Investment income | 366 | 109 | 273 |
Other income | 69 | 152 | 199 |
Total revenues | 162,443 | 135,611 | 106,188 |
Program costs | 6,910 | 4,347 | 3,885 |
Donated goods exp | 145,866 | 124,914 | 98,649 |
Administrative costs | 1,921 | 1,347 | 1,180 |
Fundraising costs | 1,242 | 939 | 936 |
Total spending | 155,939 | 131,547 | 104,649 |
Cash flow from operations | 6,504 | 4,064 | 1,539 |
Capital spending | 1,471 | 540 | 379 |
Funding reserves | 19,030 | 16,736 | 13,370 |
Note: DEFERRED REVENUE: Ci accounted for deferred revenue within donations, investment income, and other revenue. This affected total revenue by ($26k) in F2024, ($356k) in F2023, and $47k in F2022. ENDOWMENT AT FOUNDATION OF GREATER MONTREAL: Ci included the investments held at the Foundation of Greater Montreal within reserve funds and included the revenue associated with the investments within investment income. Transfers to the foundation have been removed. This increased revenue by $102k in F2024, $52k in F2023, and $219k in F2022. This affected expenses by ($nil) in F2024, ($2.4m) in F2023, and ($2.4m) in F2022. FOOD WASTE: Ci removed food waste. This affected revenue and expenses by ($7.0m) in F2024, ($4.3m) in F2023, and ($4.1m) in F2022.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
3 |
$80k - $120k |
6 |
$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
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