WEALTHSIMPLE FOUNDATION
Charitable organizationOrganizations relieving poverty·400 - 80 SPADINA AVE · TORONTO, ON · M5V 2J4·BN 796584738RR0001·website ↗
Last reported: F2024 filing · period ending 2024-12-31
What it does — in its own words
Ongoing programs
PERSONAL FINANCE EDUCATION; TAX CLINICS; RESP SET-UP AND SUPPORT; AND CANADA LEARNING BOND APPLICATION SUPPORT.
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.
Cents to cause
T1 · computed (open data)67¢
Per its F2024 T3010, 67¢ of each dollar spent went to programs.
Sector median: 89¢ across 55,155 computed charities.
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Operating overhead
T1 · computed (open data)33%
Management, administration, and fundraising as a share of total spending. We treat 5–35% as the typical range; we state the figure, you judge.
T3010 line (5010 + 5020) ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗
Reserves
T1 · computed (open data)1.8 yr
Years current reserves could cover program spending.
Sector quartiles: 0.4 yr / 0.8 yr / 7.5 yr (p25 / median / p90).
T3010 line (4100 + 4140) ÷ 5000 · Self-reported on the T3010; not independently verified. source ↗
Total revenue
T1 · computed (open data)$833K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)97%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
Government-funded
T1 · computed (open data)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 ↗
Over the years
Every figure as filed at each fiscal period end, 2021–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2021-12-31 | $580K | 28¢ | 72% | 4.8 yr |
| 2022-12-31 | $876K | 46¢ | 54% | 0.7 yr |
| 2023-12-31 | $874K | 65¢ | 35% | 1 yr |
| 2024-12-31 | $833K | 67¢ | 33% | 1.8 yr |
| trend |
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 618 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
6 directors reported · 6 of 6at arm's length
- GILLESPIE, SUEDIRECTORarm's length
- KATCHEN, MICHAELDIRECTORarm's length
- LAKHANI, ALIZADIRECTORarm's length
- GAYLE, CAROLINEDIRECTORarm's length
- LI, YONGDIRECTORarm's length
- CONNELL, LUKEDIRECTORarm'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
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