171 Wilson St., Kamloops, B.C.
Kamloops, BC V2B 2M8
Executive Director: Bernadette Siracky
Board President: Lisa Lake

Charitable Reg. #:13007 6201 RR0001

STAR RATING

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

[Charity Rating: 3/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

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.

92%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 92 cents are available for programs.



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OVERVIEW

About Kamloops Food Bank:

Kamloops Food Bank is a 3-star charity with Good impact. The charity has a high results reporting grade but is not financially transparent. 

Founded in 1981, Kamloops Food Bank collects and distributes food to people in need, with the goal of eliminating hunger in Kamloops. It operates independently and is a member of Food Banks British Columbia and an affiliate member of Food Banks Canada.

Kamloops Food Bank’s main priority is food collection and distribution through its foodSHARE and Starfish Backpacks programs. The charity also provides diapers and other baby supplies to families in need through its Baby Bank program. The charity did not provide a breakdown of spending on its programs in F2021.

A Charity Intelligence 2022 Top 10 Canadian Food Bank

Kamloops Food Bank reports that its foodSHARE program is the largest food recovery program operated by a food bank in Western Canada. Through the foodSHARE program, Kamloops Food Bank rescues food from going to the landfill and distributes it to families, schools, community agencies, and farmers. In F2021, the charity distributed 2.4 million pounds of food to 5,000 individuals, 49 community agencies, and nine food banks.

Through its Starfish Backpacks program, Kamloops Food Bank provides food to children who have been identified at school as not having enough food to carry them through the weekend. In F2021, the charity distributed 144 backpacks of food each week to school children.

Through its Baby Bank program, Kamloops Food Bank gives families in need a monthly supply of diapers, formula, baby food, and hygiene products. The program’s goal is to remove financial stressors from families to ensure they can afford nutritious food for their infants. Kamloops Food Bank distributed 54,600 diapers in F2021.

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Results and Impact

Kamloops Food Bank reports that it distributed 2.4 million pounds of food and provided 2.0 million meals to people in need in F2021.

Kamloops Food Bank reports that since its FoodSHARE program began in 2007, over 20 million pounds of food have been diverted from the landfill and delivered to clients.

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

Charity Intelligence has scored Kamloops Food Bank as Good impact based on its demonstrated impact per dollar spent.

A Charity Intelligence 2022 Top 10 Canadian Food Bank

Impact Rating: Good

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Finances

Kamloops Food Bank is not financially transparent. It does not post its audited financial statements on its website. This financial review was prepared using financial statements provided by the CRA.

Kamloops Food Bank had total cash donations and special events revenues of $2.1m in F2021, compared to $1.2m in F2020. It also received $7.6m in donated food and other goods, representing 76% of total revenues. 

Administrative costs are 2% of revenues (less investment income), and fundraising costs are 6% of cash donations. For every dollar donated, 92 cents go to the cause, which is within Ci’s reasonable range of overhead spending.

Kamloops Food Bank has total funding reserves of $1.8m, compared to $1.3m in F2020. Excluding the cost of donated goods, Kamloops Food Bank could cover 175% or one year and nine months of its annual program costs with reserves.  

Charity Intelligence sent this update to Kamloops Food Bank for review. Changes and edits may be forthcoming.

Updated on June 13, 2022, by Sydney Olexa.

Financial Review


Financial Ratios

Fiscal year ending August
202120202019
Administrative costs as % of revenues 1.9%1.7%1.7%
Fundraising costs as % of donations 5.8%3.9%3.3%
Total overhead spending 7.7%5.6%5.0%
Program cost coverage (%) 175.0%159.6%90.3%

Summary Financial Statements

All figures in $000s
202120202019
Donations 1,544937863
Goods in kind 7,5967,1556,414
Government funding 337361149
Special events 531270331
Investment income 125
Total revenues 10,0098,7267,761
Program costs 1,006818838
Donated goods exp 7,5967,1556,402
Administrative costs 186152129
Fundraising costs 1214740
Total spending 8,9108,1727,408
Cash flow from operations 1,099553353
Capital spending 441162217
Funding reserves 1,7611,306757

Note: Kamloops Food Bank did not record 2,462,204 pounds of donated food in F2019. As such, Ci used a rate of $2.60 per pound (as recommended by Food Banks Canada) to determine donated goods revenue and expense in F2019. Ci reported fundraising and administrative costs from the charity’s T3010 filings with the CRA. Ci excluded gain (loss) on capital assets, affecting total revenues by ($8k) in F2021, $14k in F2020, and $15k in F2019. In F2020, Kamloops Food Bank recorded a government wage subsidy as a deduction of expenses. Ci adjusted for this, increasing both revenues and expenses by $12k in F2020. Ci did not include loss on disposal, increasing revenues by $599 in F2019. Ci backed amortization out of program, administrative, and fundraising costs on a pro-rata basis.

Salary Information

Full-time staff: 12

Avg. compensation: $52,825

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

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

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Charitable Registration Number: 80340 7956 RR0001