Faith Academy Inc.
Publicly funded institution · Winnipeg, Manitoba · BN 131174922RR0001 · Teaching Institutions · website
Source: T3010 return, FPE 2024-06-30. Split of total expenditures ($5,462,896) as filed with the CRA.
Faith Academy Inc. is a charitable organization based in Winnipeg, Manitoba, 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 June 30, 2024, it reported $5.6M in revenue and $5.5M in expenditures.
Its funding that year was roughly 18% from donations, 67% from government. Government funding is the majority of its budget. In 2024, 4 other registered charities reported granting it a combined $1,983.
Compared with 1,247 education institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 54% of peers. Its highest-paid positions fell in the $80,000–119,999 range (5 positions in that band). The charity reported 59 permanent full-time positions.
It reported gifts to 4 qualified donees totalling $6,050 in 2024, the largest being $3,000 to Steinbach Bible College Inc..
In its own words
Educational programs for Kindergarten to Grade 12. Counselling students. Working with the inner city of Winnipeg. Overseas and local missions programs. Sponsoring of a significant number of under-privileged students transporting students and visiting homes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $5.6M | $5.5M | $4.9M | $40K | $6,050 | $2.4M |
| 2023 | $5.1M | $5.1M | $4.5M | $20K | $12K | $2.3M |
| 2022 | $5M | $5M | $4.5M | $9,263 | $1,185 | $2.3M |
| 2021 | $4.8M | $4.7M | $4.2M | $2,090 | $3,090 | $2.2M |
| 2020 | $4.8M | $4.6M | $4.2M | $7,529 | — | $2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $6,050 to 4 qualified donees:
Received $1,983 from 4 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9995 positions
- $40,000–79,9995 positions
- Permanent full-time positions59
- Total compensation, all staff$4.1M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Faith Academy Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 131174922RR0001), or read how we compute the receipt.