Central City Foundation
Public foundation · Vancouver, British Columbia · BN 134639558RR0001 · Foundations · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($3,203,384) as filed with the CRA.
Central City Foundation is a public foundation based in Vancouver, British Columbia, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $4.5M in revenue and $3.2M in expenditures.
Its funding that year was roughly 5% from other charities. In 2024, 9 other registered charities reported granting it a combined $293K.
Compared with 1,554 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 16% of peers. Its fundraising cost per donated dollar was higher than 91% of that peer group. Its highest-paid position fell in the $120,000–159,999 range. The charity reported 3 permanent full-time positions.
As a grantmaker, it reported gifts to 6 qualified donees totalling $1.1M in 2024, the largest being $1M to Central City Housing Society. Revenue has grown substantially over its filings on record here, from $939K in 2020 to $4.5M in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
Donations to organizations to support programs which seek to provide services and facilities to enhance the lives of persons in need in the inner city of vancouver and in other parts of british columbia.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.5M | $3.2M | $918K | $183K | $1.1M | $36.9M |
| 2023 | $1.4M | $3M | $819K | $198K | $1.1M | $35.6M |
| 2022 | $3.2M | $2.8M | $687K | $202K | $1.1M | $37.1M |
| 2021 | $6.7M | $2M | $433K | $189K | $531K | $36.8M |
| 2020 | $939K | $2.5M | $740K | $160K | $770K | $32.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1.1M to 6 qualified donees:
- Central City Housing Society$1M
- Downtown Eastside Neighbourhood House Society$30K
- The Dugout Drop-In Centre Society$30K
- Atira's Women's Resource Society$30K
- Pacific Community Resources Society$19K
- Eastside Movement for Business and Economic Renewal Society$5,000
Received $293K from 9 charities:
- Central City Mission$225K
- Strategic Charitable Giving Foundation$48K
- Canadahelps Canadon$5,648
- Charitable Gift Funds Canada Foundation$5,000
- United Way British Columbia$4,849
- RBC Foundation$2,500
- Nicola Wealth Private Giving Foundation$2,000
- CHIMP: Charitable Impact Foundation (Canada)$250
- Canadian Online Giving Foundation$150
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $120,000–159,9991 position
- $40,000–79,9991 position
- $1–39,9991 position
- Permanent full-time positions3
- Total compensation, all staff$310K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Leslie Varley (director); Samuel Jang (director); Tom Syer (director); Miles Richardson (director); Cliff Fregin (director); Cory Douglas (director); Saravan Veylan (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Central City Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 134639558RR0001), or read how we compute the receipt.