Canadian Lifeboat Institution Inc.
Publicly funded institution · Richmond, British Columbia · BN 889998977RR0001 · Protective Health Care
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($162,982) as filed with the CRA.
Canadian Lifeboat Institution Inc. is a charitable organization based in Richmond, British Columbia, classified by the CRA under protective health care. 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 $131K in revenue and $163K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 33% from donations, 61% from government. Government funding is the majority of its budget. In 2024, 2 other registered charities reported granting it a combined $4,037.
Compared with 739 health institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 93% of peers.
Revenue has declined over its filings on record here, from $294K in 2020 to $131K in 2024.
In its own words
Provide water safety and preserve life complmenting the efforts of local provincial and national organizations with the common goal of marine safety. Provide equipment and personnel for marine search and rescue services. Promote safeboating practices through accident prevention awareness and safety provide emergency first aid marine towing pumping out flooded vessels. And boat safety training. Assisting commercial vessels traveling the water ways of the fraser river during fisher openings-by warning fishing vessels to clear their nets or making a clear course as an escort.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $131K | $163K | $163K | — | — | $302K |
| 2023 | $139K | $151K | $151K | — | — | $334K |
| 2022 | $212K | $128K | $128K | — | — | $346K |
| 2021 | $248K | $132K | $132K | — | — | $263K |
| 2020 | $294K | $111K | $111K | — | — | $321K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $4,037 from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from Canadian Lifeboat Institution Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 889998977RR0001), or read how we compute the receipt.