Altaqwa Academy Foundation
Publicly funded institution · London, Ontario · BN 863519765RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($2,097,506) as filed with the CRA.
Altaqwa Academy Foundation is a charitable organization based in London, Ontario, classified by the CRA under teaching institutions. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending December 31, 2024, it reported $2.7M in revenue and $2.1M in expenditures.
Its funding that year was roughly 12% from donations. In 2024, 4 other registered charities reported granting it a combined $4,049.
Compared with 1,247 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 96% of peers. Its highest-paid positions fell in the $40,000–79,999 range (9 positions in that band). The charity reported 40 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $963K in 2020 to $2.7M in 2024. Its filed list of directors and trustees shows 4 names.
In its own words
1. Altaqwa elmentary school 2. Altaqwa secondary school 3. Al furqan qran learning center
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.7M | $2.1M | $2.1M | — | — | $3.1M |
| 2023 | $2.2M | $1.7M | $1.7M | — | — | $2.5M |
| 2022 | $1.5M | — | — | — | — | $2M |
| 2021 | $1.1M | $1.1M | $1.1M | — | — | $1.8M |
| 2020 | $963K | $842K | $842K | — | — | $1.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $4,049 from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9999 positions
- $1–39,9991 position
- Permanent full-time positions40
- Total compensation, all staff$1.4M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Farouk Koloti (president); Echam Ansari (vice president); Faez Rabah (officer); Mazen El Haner (treasurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Altaqwa Academy Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 863519765RR0001), or read how we compute the receipt.