PLATINUM JETS INC.
Public foundationFoundations·608-386 BROADWAY · WINNIPEG, MB · R3C 3R6·BN 861549657RR0001
Last reported: F2024 filing · period ending 2024-12-31
Disbursed to charities T1
44%
of spending, to other registered charities
Operating overhead T1
74%
typical range 5–35%
Reserves T1
6.3 yr
of program spending, in cash and investments
Revenue T1
$215K
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 Platinum Jets Inc.?
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 Platinum Jets Inc. a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 861549657RR0001. 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 Platinum Jets Inc. located?
Per its F2024 T3010, its address on file is 608-386 BROADWAY, WINNIPEG, MB, R3C 3R6. Source.
What does Platinum Jets Inc. do?
In its own words, from its F2024 T3010 filing: "To receive and maintain a fund or funds and to apply all or part of the principal and interest therefrom from time to time to: - charitable organizations that are also registered charities under The Income Tax Act (Canada) or -to provide post-secondary scholarships for students graduating from local high schools…" Full program description.
How much does Platinum Jets Inc. disburse to other charities?T1
Per its F2024 T3010, 44% of its spending went to other registered charities (self-reported, not independently verified). Full figures.
How big is Platinum Jets Inc.?T1
Its last-reported revenue was $215K (F2024).
What it does — in its own words
Ongoing programs
To receive and maintain a fund or funds and to apply all or part of the principal and interest therefrom from time to time to: - charitable organizations that are also registered charities under The Income Tax Act (Canada) or -to provide post-secondary scholarships for students graduating from local high schools or - to provide funds to the needy for health care treatment or medical devices which are not covered by either private or public health care plans.
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)44%
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 ↗
74%
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
6.3 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)$215K
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)27%
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
27%
T3010 4500 ÷ 4700
GovernmentT1
0%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
73%
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 |
|---|---|---|---|
| 2019-12-31 | $154K | 65% | 2.1 yr |
| 2020-12-31 | $133K | 100% | — |
| 2021-12-31 | $169K | 83% | 7.7 yr |
| 2022-12-31 | $179K | 87% | 12.3 yr |
| 2023-12-31 | $194K | 98% | 74.7 yr |
| 2024-12-31 | $215K | 74% | 6.3 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.
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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
4 directors reported · 4 of 4at arm's length
- Cavell, MichaelExecutive Directorarm's length
- Saunders, KevinTreasurerarm's length
- Hrycak, GregVice Presidentarm's length
- Sanders, LornePresidentarm'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 ↗