MICROBANK OF CANADA/MICROBANQUE DU CANADA
Charitable organizationOrganizations relieving poverty·508 - 35 BALES AVE · NORTH YORK, ON · M2N 7L7·BN 718476336RR0001
Last reported: F2024 filing · period ending 2024-03-31
Cents to cause T1
100¢
of each dollar spent, to programs
Operating overhead T1
—
not in this filing
Reserves T1
0.6 yr
of program spending, in cash and investments
Revenue T1
$5K
not reviewed by an analyst (Charity Intelligence)
— means the filing doesn't include the lines needed; details and sources below.·How to read these figures
Common questions
How do I donate to Microbank of Canada?
You can search for it on CanadaHelps to donate. Charity Compass never handles your money — we only link out to where you can give.
Is Microbank of Canada a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 718476336RR0001. Registration status can change, so check the CRA charities listing for its current status. Only a currently registered charity can issue an official donation receipt.
Where is Microbank of Canada located?
Per its F2024 T3010, its address on file is 508 - 35 BALES AVE, NORTH YORK, ON, M2N 7L7. Source.
What does Microbank of Canada do?
In its own words, from its F2024 T3010 filing: "THE MICROBANK IS GLOBALLY SITUATED TO ERADICATE POVERTY ENRICH LIVES AND BUILD COMMUNITIES MANDATED TO IMPACT HUMANITY THROUGH CREATIVE IDEAS TECHNOLOGY EXCLUSIVE FINANCE FOR DEVELOPMENT AND INNOVATION AMONG OTHERS. AS SUCH GRANTING LOANS BURSARIES AND SCHOLARSHIPS TO ELIGBLE LOCAL AND INTERNATIONAL STUDENTS…" Full program description.
How much of Microbank of Canada's spending goes to programs?T1
Per its F2024 T3010, 100¢ of each dollar it spent went to programs (self-reported, not independently verified). Full figures.
How big is Microbank of Canada?T1
Its last-reported revenue was $5K (F2024), which places it in Charity Compass's under $1M revenue band, alongside 27,629 other operating charities.
What it does — in its own words
Ongoing programs
THE MICROBANK IS GLOBALLY SITUATED TO ERADICATE POVERTY ENRICH LIVES AND BUILD COMMUNITIES MANDATED TO IMPACT HUMANITY THROUGH CREATIVE IDEAS TECHNOLOGY EXCLUSIVE FINANCE FOR DEVELOPMENT AND INNOVATION AMONG OTHERS. AS SUCH GRANTING LOANS BURSARIES AND SCHOLARSHIPS TO ELIGBLE LOCAL AND INTERNATIONAL STUDENTS FAMILIES AND OTHER INDIVIDUALS. AMONG SUCH OTHER THINGS PROVIDING MICROFINANCING PRODUCTS AND SERVICES FOR BUT NOT LIMITED TO (STARTING UP A BUSINESS TUITION APPRENTICESHIP AGRI-FOOD/HORTICULTURE AND AGRICULTURAL STUDIES INCLUSIVE ENTREPRENEAURSHIP AND INTRAPRENEAURSHIP ECON… Show more
THE MICROBANK IS GLOBALLY SITUATED TO ERADICATE POVERTY ENRICH LIVES AND BUILD COMMUNITIES MANDATED TO IMPACT HUMANITY THROUGH CREATIVE IDEAS TECHNOLOGY EXCLUSIVE FINANCE FOR DEVELOPMENT AND INNOVATION AMONG OTHERS. AS SUCH GRANTING LOANS BURSARIES AND SCHOLARSHIPS TO ELIGBLE LOCAL AND INTERNATIONAL STUDENTS FAMILIES AND OTHER INDIVIDUALS. AMONG SUCH OTHER THINGS PROVIDING MICROFINANCING PRODUCTS AND SERVICES FOR BUT NOT LIMITED TO (STARTING UP A BUSINESS TUITION APPRENTICESHIP AGRI-FOOD/HORTICULTURE AND AGRICULTURAL STUDIES INCLUSIVE ENTREPRENEAURSHIP AND INTRAPRENEAURSHIP ECONOMIC DEVELOPMENT AND ENHANCEMENT VENTURES AND SUPPORT FOR CLIMATE CHANGE INITIATIVES). OTHER PROJECTS SUCH AS AFFORDABLE HOUSING DEVELOPMENT INVEST IN SPACE FOR RELIGIOUS BODIES COMMUNITY NOT FOR PROFITS PERFORMANCE AND EVENT HUBS.
New programs
THE MICROBANK SHALL FURTHER SUCH REGULATIONS AND REQUIRMENTS AS MAY ENACTED FROM TIME TO TIME BY THE GOVERNMENT OF CANADA PROVINCIAL OF TERRITORIAL GOVERNMENTS. SUCH OTHER APPROPRIATE OFFERING AND PROGRAMS APPROVED BY THE SAID AND IF THE SAID LAWFULLY BENEFITS ITS ADVANCEMENT. FURTHER ALL SUCH OTHER THINGS AS ARE INDIDENTAL OR ANCILLARY TO THE ATTAINMENT TO THE ATTAINMENT OF ITS MENTIONED OBJECTS. AS SUCH BRING PEOPLE IDEAS AND RESOURCES TOGETHER TO UNDERSTAND AND ADVANCE ISSUES EXPLORE CREATIVE SOLUTIONS AND BE A CATALYST AND INSTRUMENT FOR CHANGE THROUGH STRATEGIC ALIGNMENT.
Program descriptions from its F2024 T3010 filing, verbatim · self-reported · this is also the text our semantic search matches against. source ↗
Tier 1 — what we computed (open data)
From the charity's own F2024 T3010 filing. Self-reported; not independently verified. You can recompute every figure. New to these terms? Read what cents to the cause, overhead and reserves mean.
100¢
Per its F2024 T3010, 100¢ of each dollar spent went to programs. The rest ran the organization and raised money; higher is not automatically better.
Sector median: 89¢ across 55,155 computed charities; 89¢ among those its size (under $1M).
this charity 100¢ · sector median 89¢ · all 55,155 computed charities
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗ · what this means
—
Not reported in this filing: the return leaves out the lines this figure needs, so we show nothing rather than an estimate.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗ · what this means
0.6 yr
Years that cash, bank balances and investments on hand could cover program spending; liabilities and restricted funds are not netted out.
Charities its size (under $1M, 27,629): median 1 yr; 14% hold under half a year. All operating charities: median 0.8 yr.
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗ · what this means
Total revenue
T1 · computed (open data)$5K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)16%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
0%
Share of revenue from federal, provincial, and municipal sources.
T3010 line 4570 (or 4540+4550+4560) ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗ · what this means
Where the money comes from
Shares of last-reported revenue, per its F2024 T3010. Self-reported; not independently verified.
Receipted donationsT1
16%
T3010 4500 ÷ 4700
GovernmentT1
0%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
84%
T3010 remainder ÷ 4700
Self-reported on the T3010; not independently verified. source ↗
Over the years
Every figure as filed at each fiscal period end, 2022–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2022-03-31 | — | — | — | — |
| 2023-03-31 | $24K | 100¢ | — | 0.3 yr |
| 2024-03-31 | $5K | 100¢ | — | 0.6 yr |
| trend |
Swipe sideways to see every column.
From its T3010 filings (CRA annual releases) · self-reported, not audited by us · when a period is restated in a later release, the newest figures are shown · ✱ = cents-to-cause outside the valid 0–100% range (filing error; not used in rankings). source ↗
★ Tier 2 — Charity Intelligence (analyst-reviewed)
Not rated by Charity Intelligence. Their analysts cover 819 of Canada's 83,761 charities; absence of a rating says nothing about this charity. Our computed figures above stand on their own.
Board of directors
3 directors reported · 3 of 3at arm's length
- WATSON, MARVIN MWCHAIRMANarm's length
- MILLS, SAMOURA SMDIRECTORarm's length
- MCINTOSH HINDS, JARON JMHDIRECTORarm's length
From its F2024T3010 filing (public CRA record), as filed. “Arm's length” means not related to other officials by family or business ties. source ↗
Right of reply
This charity hasn't added a response yet. When it does, it appears here, beside the numbers, and is never removed. Represent this charity? Submit a response.
Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗