RICK'S HEART FOUNDATION
Private foundationFoundations·32 - 8650 CINNAMON DR · BURNABY, BC · V5A 4H7·BN 823822887RR0001·website ↗
Last reported: F2024 filing · period ending 2024-08-30
Disbursed to charities T1
14%
of spending, to other registered charities
Operating overhead T1
4%
typical range 5–35%
Reserves T1
0.1 yr
of program spending, in cash and investments
Revenue T1
$381K
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
This is a foundation: it mostly grants money to other charities, so program-spending ratios are the wrong lens. We show the share of spending disbursed to qualified donees instead.
Common questions
How do I donate to Rick's Heart Foundation?
You can search for it on CanadaHelps or give directly through its own website. Charity Compass never handles your money — we only link out to where you can give.
Is Rick's Heart Foundation a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 823822887RR0001. 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 Rick's Heart Foundation located?
Per its F2024 T3010, its address on file is 32 - 8650 CINNAMON DR, BURNABY, BC, V5A 4H7. Source.
What does Rick's Heart Foundation do?
In its own words, from its F2024 T3010 filing: "Raise awareness and funds for people facing homelessness addiction isolation and poverty…" Full program description.
How much does Rick's Heart Foundation disburse to other charities?T1
Per its F2024 T3010, 14% of its spending went to other registered charities (self-reported, not independently verified). Full figures.
How big is Rick's Heart Foundation?T1
Its last-reported revenue was $381K (F2024).
What it does — in its own words
Ongoing programs
Raise awareness and funds for people facing homelessness addiction isolation and poverty. - Heart for Music - helps to reach those who feel forgotten or left behind. Close giving gaps by initiating new programs or making possible the work of other charities. … Show more
Raise awareness and funds for people facing homelessness addiction isolation and poverty. - Heart for Music - helps to reach those who feel forgotten or left behind. Close giving gaps by initiating new programs or making possible the work of other charities. - - -Mobile Mission with Impact van meets those in the Surrey community who are living on the streets. - Recovery - helps to reach those who need assistance in recovering from drug and alcohol addiction.
New programs
Sewing - helps empowering people through sewing. - Therapy ponies - helps to reach those who feel forgotten left behind or have depression and anxiety.
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.
Disbursed to qualified donees
T1 · computed (open data)14%
Per its F2024 T3010, this share of total spending went to other registered charities.
T3010 line 5050 ÷ 5100 · Self-reported on the T3010; not independently verified. source ↗
4%
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 ↗ · what this means
0.1 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)$381K
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 ↗
5%
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
19%
T3010 4500 ÷ 4700
GovernmentT1
5%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
75%
T3010 remainder ÷ 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 | Overhead | Reserves |
|---|---|---|---|
| 2019-08-30 | $118K | 16% | 0.2 yr |
| 2020-08-30 | $110K | 13% | 0 yr |
| 2021-08-30 | $294K | 7% | 0.1 yr |
| 2022-08-30 | $326K | 4% | 0.1 yr |
| 2023-08-30 | $654K | 4% | 0.4 yr |
| 2024-08-30 | $381K | 4% | 0.1 yr |
| trend |
Swipe sideways to see every column.
Program-spending share is left out: a foundation's lens is what it disburses, which the annual releases don't break out by year. 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.
Similar charities
Same CRA category, revenue within 20× of this one, and the closest program descriptions in their own filings. A shortlist to compare, not a ranking.
- RICHERT FAMILY FOUNDATION
BURNABY, BC·revenue $2.3M
85%disbursed · T1
- ROBERT KERR FOUNDATION
TORONTO, ON·revenue $2.4M
69%disbursed · T1
- FACE THE WORLD FOUNDATION
VANCOUVER, BC·revenue $1.8M
58%disbursed · T1
- RICHARD KERT FOUNDATION
TORONTO, ON·revenue $162K
70%disbursed · T1
- THE HOPE CHARITABLE FOUNDATION
TORONTO, ON·revenue $254K
79%disbursed · T1
Figures per each charity's F2024 T3010 · self-reported, not audited by us · ✱= that filing's expense lines don't reconcile · open a profile for sources and caveats.
Board of directors
5 directors reported · 3 of 5at arm's length
- Diamond, RichardDirectornot at arm's length
- Diamond, NolenDirectornot at arm's length
- Lang, Robert BDirectorarm's length
- Musgrove, MichaelDirectorarm's length
- Schwarz, Jeffrey PDirectorarm'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 ↗