926 Leathorne Street
London, ON N5Z 3M5

Charitable Reg. #:13620 3205 RR0001

STAR RATING

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

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FINANCIAL TRANSPARENCY

Audited financial statements available only upon request.

B

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

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.

94%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 94 cents are available for programs.



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Programs

About London Food Bank:

Founded in 1987 by the husband and wife duo of Glen Pearson and Jane Roy, London Food Bank gives food to hungry people in London and distributes additional food to community organizations in Ontario.

In F2018, 42,275 households received food from London Food Bank, representing 102,430 household members. Of these individuals, 64% are under the age of 35. Before receiving food, individuals must participate in an interview, provide proof of any dependents, and other information such as proof of income. Households can only visit the food bank every 30 days while the average household received food four times during F2018. London Food Bank distributed 1.8 million pounds of food to clients (an average just under 43 lbs per household in F2018).

London Food Bank distributed 471,000 pounds of food to other organizations in F2018, representing 21% of all food. The organizations include other food banks and charities in London, school lunch programs, and food banks in Ailsa Craig, Goderich, Ingersoll, Stratford, Strathroy, St. Marys, St. Thomas, and Zurich.

Of the food donated in F2018, 47% was fresh or frozen including fruits and vegetables from local farmers, eggs, milk, bread, and meat. The Community Harvest program collects produce from farmers and grocery stores which cannot be sold and would otherwise be thrown out or tilled back into the soil. London Food Bank also encourages individual gardeners to plan one extra row of seeds in their garden and donate the additional produce.

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Results and Impact

London Food Bank reports that its Community Harvest program has saved almost 1.7 million pounds of produce from being thrown out since the program started in 2010. By giving this food to families in need, 1,500 tonnes of greenhouse gas emissions has been avoided.

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Finances

London Food Bank is a large charity, receiving monetary donations of $1.3m and $4.4m worth of donated food in F2017. Administrative costs are 1% of revenues less investment income, and fundraising costs are 5% of donations. For every $1 donated, 94 cents go to the cause. This is within Ci’s reasonable range for overhead spending. London Food Bank has $1.7m in funding reserves. Excluding donated food, funding reserves could cover program costs for two years.

This charity profile has been sent to London Food Bank for review. Changes and edits may be forthcoming. 

Created on June 26, 2019 by Madison Kerr. 

Financial Review


Financial Ratios

Fiscal year ending December
201720162015
Administrative costs as % of revenues 0.9%1.1%1.2%
Fundraising costs as % of donations 5.2%7.2%5.9%
Program cost coverage (%) 32.0%27.5%23.8%

Summary Financial Statements

All figures in $000s
201720162015
Donations 1,2539101,055
Goods in kind 4,3684,2785,335
Government funding 312375
Investment income 202616
Total revenues 5,6725,2376,481
Program costs 5,1795,0896,135
Administrative costs 525974
Fundraising costs 656662
Total spending 5,3385,2136,271
Cash flow from operations 37623209
Capital spending 459047
Funding reserves 1,6551,4001,460

Note: Ci has estimated the value of donated food in F2015 at $2.50 per pound, increasing revenues and expenses by $5.2m. The charity calculates the value of in-kind food donations at $2.60 per pound in F2017 and $2.50 per pound in F2016 as is recommended by Food Banks Canada. Due to a change in reporting by the charity, in-kind donations includes farmer food donations which was valued at $2.60 per pound in F2017 and at wholesale prices in F2016 and F2015.

Salary Information

Full-time staff: 6

Avg. Compensation $50,049

Top 10 staff salary range

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
5
< $40k
1

Information from most recent CRA Charities Directorate filings for F2017

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Comments & Contact

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Charity Contact

Website: www.londonfoodbank.ca
This email address is being protected from spambots. You need JavaScript enabled to view it.

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