LAUNCH FINANCIAL EDUCATION SOCIETY
Charitable organizationOrganizations relieving poverty·500 - 1620 DICKSON AVE · KELOWNA, BC · V1Y 9Y2·BN 805891264RR0001·website ↗
Last reported: F2024 filing · period ending 2024-05-31
What it does — in its own words
Ongoing programs
Launch Financial Education Society facilitates financial literacy programs. We continue to offer 3 main programs: Primer for Life Dollars and Sense and Matched Savings. Primer for Life is a financial education program for youth. Dollars and Sense is offered to clients of other not for profits and to our general community. Matched Savings combines financial incentives with a financial literacy program to help participants learn to save.
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)90¢
Per its F2024 T3010, 90¢ 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)10%
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)0.8 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)$176K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)19%
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, 2019–2024.
| Period end | Revenue | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-05-31 | $39K | — | — | — |
| 2020-05-31 | $16K | 19¢ | 81% | — |
| 2021-05-31 | $58K | 26¢ | 74% | — |
| 2022-05-31 | $106K | 90¢ | 10% | 0.7 yr |
| 2023-05-31 | $192K | 94¢ | 6% | 0.8 yr |
| 2024-05-31 | $176K | 90¢ | 10% | 0.8 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
10 directors reported · 10 of 10at arm's length
- Dow, Aaron PVice Presidentarm's length
- Wendland, MichaelPresidentarm's length
- Hammond, LeanneDirectorarm's length
- Granger, EstherDirectorarm's length
- Gautier, DavidTreasurerarm's length
- Redford, BryanDirectorarm's length
- Nielsen, ChristianDirectorarm's length
- Proctor, ConnieDirectorarm's length
- Peters, JasonDirectorarm's length
- Gilmore, CarlyDirectorarm'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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Verify everything: full public record on CharityData.ca ↗ · CRA charities listing ↗