Butterfly Effect Microcredit Foundation
Public foundation · Calgary, Alberta · BN 807415294RR0001 · Foundations
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($10,722) as filed with the CRA.
Butterfly Effect Microcredit Foundation is a public foundation based in Calgary, Alberta, classified by the CRA under foundations. In its fiscal year ending July 31, 2024, it reported $1,998 in revenue and $11K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers.
Revenue has grown substantially over its filings on record here, from $1,332 in 2020 to $1,998 in 2024.
In its own words
Butterfly Effect Microcredit Foundation continues to provide microcredit loan principal through agency agreements to Non-Government Organizations (NGO's) operating in Honduras and Guatemala. Loans are administered through third party agents Cause Canada and Open to Grow. New loan principal was distributed during the year in Guatemala and loans continue to be administered using existing principal in both Guatemala and Honduras.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1,998 | $11K | $11K | — | — | $176K |
| 2023 | $29K | $3,701 | $3,701 | — | — | $184K |
| 2022 | $518 | $6,859 | $6,859 | — | — | $159K |
| 2021 | $518 | — | — | — | — | $165K |
| 2020 | $1,332 | $11K | $8,174 | — | $2,834 | $165K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2023
Received -$87 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from Butterfly Effect Microcredit Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 807415294RR0001), or read how we compute the receipt.