MARS DISCOVERY DISTRICT
Charitable organizationFoundations·100 - 101 COLLEGE ST · TORONTO, ON · M5G 1L7·BN 876682717RR0001
Last reported: F2024 filing · period ending 2024-03-31
Cents to cause T1
78¢
of each dollar spent, to programs
Operating overhead T1
22%
typical range 5–35%
Reserves T1
0.6 yr
of program spending, in cash and investments
Revenue T1
$29.2M
Charity Intelligence ★★★ B+ · T2
— 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 Mars Discovery District?
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 Mars Discovery District a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 876682717RR0001. 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 Mars Discovery District located?
Per its F2024 T3010, its address on file is 100 - 101 COLLEGE ST, TORONTO, ON, M5G 1L7. Source.
What does Mars Discovery District do?
In its own words, from its F2024 T3010 filing: "MARS (WWW.MARSDD.COM) IS A LEADING URBAN INNOVATION HUB LOCATED IN TORONTO'S DISCOVERY DISTRICT. MARS SUPPORTS YOUNG HIGH GROWTH VENTURES IN THE HEALTH CLEANTECH AND INFORMATION TECHNOLOGY SECTORS WHILST CONNECTING CUSTOMERS PARTNERS TALENT AND CAPTIAL IN AN EFFORT TO ACCELERATE INNOVATION FOR THE PUBLIC AT…" Full program description.
How much of Mars Discovery District's spending goes to programs?T1
Per its F2024 T3010, 78¢ of each dollar it spent went to programs (self-reported, not independently verified). Full figures.
How big is Mars Discovery District?T1
Its last-reported revenue was $29.2M (F2024), which places it in Charity Compass's $10M–$100M revenue band, alongside 1,776 other operating charities.
What it does — in its own words
Ongoing programs
MARS (WWW.MARSDD.COM) IS A LEADING URBAN INNOVATION HUB LOCATED IN TORONTO'S DISCOVERY DISTRICT. MARS SUPPORTS YOUNG HIGH GROWTH VENTURES IN THE HEALTH CLEANTECH AND INFORMATION TECHNOLOGY SECTORS WHILST CONNECTING CUSTOMERS PARTNERS TALENT AND CAPTIAL IN AN EFFORT TO ACCELERATE INNOVATION FOR THE PUBLIC AT LARGE. MARS REMOVES BARRIERS AND FACILITATES THE ADOPTION OF INNOVATION IN COMPLEX OR REGULATED SYSTEMS SUCH AS HEALTH AND ENERGY TO OPEN NEW MARKETS IN CANADA AND ELSEWHERE. THIS DISTINCTIVE APPROACH WHICH ACTIVELY CONNECTS SUPPLY (VENTURES) AND DEMAND (MARKETS AND SYSTEMS) IS DELI… Show more
MARS (WWW.MARSDD.COM) IS A LEADING URBAN INNOVATION HUB LOCATED IN TORONTO'S DISCOVERY DISTRICT. MARS SUPPORTS YOUNG HIGH GROWTH VENTURES IN THE HEALTH CLEANTECH AND INFORMATION TECHNOLOGY SECTORS WHILST CONNECTING CUSTOMERS PARTNERS TALENT AND CAPTIAL IN AN EFFORT TO ACCELERATE INNOVATION FOR THE PUBLIC AT LARGE. MARS REMOVES BARRIERS AND FACILITATES THE ADOPTION OF INNOVATION IN COMPLEX OR REGULATED SYSTEMS SUCH AS HEALTH AND ENERGY TO OPEN NEW MARKETS IN CANADA AND ELSEWHERE. THIS DISTINCTIVE APPROACH WHICH ACTIVELY CONNECTS SUPPLY (VENTURES) AND DEMAND (MARKETS AND SYSTEMS) IS DELIVERING RESULTS - - AND IS ATTRACTING GLOBAL ATTENTION. MARS HAS CONSISENTLY CHAMPIONED AN AMBITIOUS BUT UNIQUELY CANADIAN VERSION OF INNOVATION - ONE THAT AIMS BOTH TO GROW OUR ECONOMY AND MAKE A POSITIVE DIFFERENCE IN THE LIVES OF CANADIANS AND OTHERS AROUND THE WORLD. MARS WORKS WITH AND RECIEVES SUPPORT FROM A RANGE OF PRIVATE AND PUBLIC SECTOR FUNDERS WITH THE PROVINCE OF ONTARIO AS LEAD FUNDER.
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.
78¢
Per its F2024 T3010, 78¢ 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 ($10M–$100M).
this charity 78¢ · sector median 89¢ · all 55,155 computed charities
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗ · what this means
22%
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
0.6 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 ($10M–$100M, 1,776): median 0.4 yr; 53% 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)$29.2M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)2%
Share of revenue from receipted donations.
T3010 line 4500 ÷ 4700 · Self-reported on the T3010; not independently verified. source ↗
54%
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
2%
T3010 4500 ÷ 4700
GovernmentT1
54%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
44%
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 | Cents to cause | Overhead | Reserves |
|---|---|---|---|---|
| 2019-03-31 | $50.2M | 76¢ | 24% | 1.8 yr |
| 2020-03-31 | $38.2M | 73¢ | 27% | 0.7 yr |
| 2021-03-31 | $36.6M | 67¢ | 32% | 0.7 yr |
| 2022-03-31 | $34.9M | 74¢ | 26% | 0.9 yr |
| 2023-03-31 | $28.8M | 77¢ | 23% | 0.6 yr |
| 2024-03-31 | $29.2M | 78¢ | 22% | 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)
Published ratings by Charity Intelligence Canada's analysts — a separate, human review. Shown as published, never blended into our computed figures.
Overall rating
★ T2 · Charity Intelligence★★★
Charity Intelligence's 0–5 star overall rating.
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Results reporting
★ T2 · Charity IntelligenceB+
How well the charity reports its own results (A+ to F).
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Demonstrated impact
★ T2 · Charity Intelligence—
Not reported in this filing: the return leaves out the lines this figure needs, so we show nothing rather than an estimate.
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
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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.
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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
18 directors reported · 18 of 18at arm's length
- MATUS, GEOFFREYDIRECTORarm's length
- EVANS, DEREKDIRECTORarm's length
- ALLAN, ELYSEDIRECTORarm's length
- CAMPBELL, ELAINEDIRECTORarm's length
- GERTLER, MERICDIRECTORarm's length
- TORY, MARTHADIRECTORarm's length
- VERSCHUREN, ANNETTECHAIRarm's length
- LARSON, STEFANDIRECTORarm's length
- WU, YUNGDIRECTOR AND CEOarm's length
- SHOICHET, MOLLY SANDRADIRECTORarm's length
Show all 18 directors
- PATHAK, PRASHANT SHANKERDIRECTORarm's length
- CHISHOLM, ANDREWDIRECTORarm's length
- MCGOWAN, CLAUDETTEDIRECTORarm's length
- LAU, ALLENDIRECTORarm's length
- LUELO, CATHERINEDIRECTORarm's length
- KAZARIAN, DIANEDIRECTORarm's length
- SARANTAKIS, TAKIDIRECTORarm's length
- NANKIVELL, ALISONCEOarm'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 ↗