MOMENTUM COMMUNITY ECONOMIC DEVELOPMENT SOCIETY
Charitable organizationOrganizations relieving poverty·100 - 525 28 ST SE · CALGARY, AB · T2A 6W9·BN 883793218RR0001·website ↗
Last reported: F2024 filing · period ending 2024-12-31
What it does — in its own words
Ongoing programs
The Society's programs include: Business development and community initiatives programs skills training programs financial literacy programs and business services. All the programs are geared toward the low income earners which include the unemployed underemployed and hard to employ individuals. During the year volunteers contributed 1 222 hours of services to assist the Society in carrying out services. In addition the organization strengthened its engagement with indigenous communities and continues its works with community and government to advance work in areas that enhance income in … Show more
The Society's programs include: Business development and community initiatives programs skills training programs financial literacy programs and business services. All the programs are geared toward the low income earners which include the unemployed underemployed and hard to employ individuals. During the year volunteers contributed 1 222 hours of services to assist the Society in carrying out services. In addition the organization strengthened its engagement with indigenous communities and continues its works with community and government to advance work in areas that enhance income in lower income communities.
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)76¢
Per its F2024 T3010, 76¢ 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)24%
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)$10.8M
Last-reported total revenue.
T3010 line 4700 · Self-reported on the T3010; not independently verified. source ↗
Donor-funded
T1 · computed (open data)12%
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)43%
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 |
|---|---|---|---|---|
| 2019-12-31 | $9.7M | 80¢ | 20% | 1 yr |
| 2020-12-31 | $9.2M | 79¢ | 21% | 0.9 yr |
| 2021-12-31 | $9.3M | 80¢ | 20% | 1 yr |
| 2022-12-31 | $11.8M | 79¢ | 21% | 1.1 yr |
| 2023-12-31 | $10.8M | 78¢ | 22% | 0.8 yr |
| 2024-12-31 | $10.8M | 76¢ | 24% | 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)
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 IntelligenceA-
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 IntelligenceAverage
Charity Intelligence's assessment of impact per dollar.
Analyst-reviewed by Charity Intelligence; their methodology, shown as published. source ↗
Board of directors
12 directors reported · 12 of 12at arm's length
- Bakshan, FianaPast Chairarm's length
- Campos, LuizaChairarm's length
- Cunningham, ArtDirectorarm's length
- Harrison, PeterVice Chairarm's length
- Scotvold, LoriDirectorarm's length
- Allan, LynneTreasurer and Secretaryarm's length
- Thompson, KellyDirectorarm's length
- Tahir, MahruhkDirectorarm's length
- Bankole, OldapoDirectorarm's length
- Buchanan, CharlesDirectorarm's length
- Tejani, NafisaDirectorarm's length
- Gonzalez, GabrielaDirectorarm'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 ↗