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
Cents to cause T1
76¢
of each dollar spent, to programs
Operating overhead T1
24%
typical range 5–35%
Reserves T1
0.8 yr
of program spending, in cash and investments
Revenue T1
$10.8M
Charity Intelligence ★★★★ A- · 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 Momentum Community Economic Development Society?
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 Momentum Community Economic Development Society a registered charity?
Per CRA records, it filed a F2024 T3010 return under charity number 883793218RR0001. 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 Momentum Community Economic Development Society located?
Per its F2024 T3010, its address on file is 100 - 525 28 ST SE, CALGARY, AB, T2A 6W9. Source.
What does Momentum Community Economic Development Society do?
In its own words, from its F2024 T3010 filing: "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…" Full program description.
How much of Momentum Community Economic Development Society's spending goes to programs?T1
Per its F2024 T3010, 76¢ of each dollar it spent went to programs (self-reported, not independently verified). Full figures.
How big is Momentum Community Economic Development Society?T1
Its last-reported revenue was $10.8M (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
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. New to these terms? Read what cents to the cause, overhead and reserves mean.
76¢
Per its F2024 T3010, 76¢ 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 76¢ · sector median 89¢ · all 55,155 computed charities
T3010 line 5000 ÷ 4950 · Self-reported on the T3010; not independently verified. source ↗ · what this means
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 ↗ · what this means
0.8 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)$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 ↗
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 ↗ · what this means
Where the money comes from
Shares of last-reported revenue, per its F2024 T3010. Self-reported; not independently verified.
Receipted donationsT1
12%
T3010 4500 ÷ 4700
GovernmentT1
43%
T3010 4570 (or 4540+4550+4560) ÷ 4700
Other revenueT1
45%
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 |
|---|---|---|---|---|
| 2019-12-31 | $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 |
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 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 ↗
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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
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 ↗