Fung Loy Kok Institute of Taoism
Charitable organization · Toronto, Ontario · BN 118934371RR0001 · Other Religions
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($4,665,497) as filed with the CRA.
Fung Loy Kok Institute of Taoism is a charitable organization based in Toronto, Ontario, classified by the CRA under other religions. In its fiscal year ending December 31, 2024, it reported $2.8M in revenue and $4.7M in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 16% from donations. In 2024, 8 other registered charities reported granting it a combined $56K.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 15% of peers. Its highest-paid position fell in the $300,000–349,999 range. The charity reported 8 permanent full-time positions.
It reported gifts to 10 qualified donees totalling $14K in 2024, the largest being $10K to Mon Sheong Foundation. Revenue has declined over its filings on record here, from $6.4M in 2020 to $2.8M in 2024. Its filed list of directors and trustees shows 11 names.
In its own words
Promote taosim and taoist practices including taoist tai chi tm as the third vehicle of tht taoist religion observe the unified teachings of the religions of taoism confucianism and buddhism. Its mission includes community service rituals and ceremonies and the arts of internal transformation (internal alchemy).
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $2.8M | $4.7M | $2.9M | $8,798 | $14K | $42.6M |
| 2023 | $7.1M | $3.9M | $2.7M | $9,543 | $540 | $44.7M |
| 2022 | -$846K | $3.2M | $2.2M | $7,086 | $400 | $41.5M |
| 2021 | $8.7M | $3.9M | $1.5M | $5,942 | — | $45.6M |
| 2020 | $6.4M | $4.6M | $2.4M | $49K | — | $40.7M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $14K to 10 qualified donees:
- Mon Sheong Foundation$10K
- ST Paul's United Church$660
- Cooksville United Church$500
- Westway United Church$500
- Westminster United Church$500
- Knox Presbyterian Church$500
- Timothy Eaton Memorial Church$500
- The Holy Blossom Temple Foundation$500
- College Street United Church$500
- Roman Catholic Episcopal Corporation of the Diocese of Toronto in Canada$300
Received $56K from 8 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $300,000–349,9991 position
- $80,000–119,9993 positions
- $40,000–79,9994 positions
- Permanent full-time positions8
- Total compensation, all staff$942K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
John Balinski (director); Carmen Capilla Garcia (director); Sean Dennison (director); John Huang (president); Andrew Hung (treasurer); Kathy Mak (secretary); Joe Thibault (director); Sandra Wilson (director); Frazer Smith (director); Barbara Taylor (director); Kevin Telega (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Fung Loy Kok Institute of Taoism’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 118934371RR0001), or read how we compute the receipt.