Bags of Promise
Charitable organization · Newmarket, Ontario · BN 761113000RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,069) as filed with the CRA.
Bags of Promise is a charitable organization based in Newmarket, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $6,581 in revenue and $4,069 in expenditures.
Its funding that year was roughly 44% from donations.
Compared with 2,855 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 30% of peers.
Revenue has declined over its filings on record here, from $11K in 2022 to $6,581 in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
The organization has several programs aimed to assist homeless youth and educate the public on the issues faced by homeless youth. The goal is to provide homeless youth with reusable bags containing the essentials such as hygiene items spare clothes and other necessities to help alleviate stress during difficult times. The organization believes in the importance of encouraging young people to lead by example and to take action to better their communities and uplift their peers in need.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $6,581 | $4,069 | $3,340 | — | — | $12K |
| 2023 | $6,659 | $4,290 | $1,456 | — | — | $9,613 |
| 2022 | $11K | $3,464 | $877 | — | — | $7,243 |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Directors & trustees (2024)
Celina Lovisotto (president); Makena Sceeles (director); Isabelle Ettinger (director); Bridgett Chau (director); Antonin Holowka (director); Sophie Omoumi (director); Kyran Sachdeva (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Bags of Promise’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 761113000RR0001), or read how we compute the receipt.