Furniture Bank
Charitable organization · Toronto, Ontario · BN 872531843RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($11,781,387) as filed with the CRA.
Furniture Bank is a charitable organization based in Toronto, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported $12M in revenue and $11.8M in expenditures.
Its funding that year was roughly 58% from donations, 17% from government. In 2024, 25 other registered charities reported granting it a combined $536K.
Compared with 147 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 66% of peers. Its highest-paid position fell in the $250,000–299,999 range. The charity reported 74 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $7.4M in 2020 to $12M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The organization provides newcomers low-income individuals and families with the home furnishing essentials needed to create the conditions of comfort dignity and stability that come from having a furnished home and overcoming the crisis of furniture poverty. Clients include women and children leaving shelters the formerly homeless indigenous and newcomers and refugees to canada. Furniture removal repair and reuse social innovation programs provide the funding and furnishings to end furniture poverty while keeping good furniture out of landfills. The organization's social hire progra…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $12M | $11.8M | $11M | $450K | — | $1.7M |
| 2023 | $10M | $9.9M | $8.8M | $368K | $0 | $1.5M |
| 2022 | $8.3M | $8.5M | $7.6M | $255K | — | $1.4M |
| 2021 | $7.9M | $7.3M | $6.4M | $270K | — | $1.5M |
| 2020 | $7.4M | $6.8M | $5.7M | $231K | — | $950K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $536K from 25 charities:
- Canadian Online Giving Foundation$100K
- The Counselling Foundation of Canada$65K
- RBC Foundation$60K
- The Sprott Foundation$60K
- Mackenzie Investments Charitable Foundation$36K
- Definity Insurance Foundation$35K
- Fondation Cogir/Cogir Foundation$25K
- The Catherine and Maxwell Meighen Foundation$25K
- Frederick and Douglas Dickson Memorial Foundation$20K
- Hodgson Family Foundation$18K
- Canada Gives$17K
- R. Howard Webster Foundation$15K
- Canadahelps Canadon$14K
- The Home Depot Canada Foundation$10K
- Fred and Edith Greene Foundation$10K
- The KPMG Foundation/la Fondation KPMG$10K
- St. Andrew's Charitable Foundation$5,000
- The Guelph Community Foundation$5,000
- Elevation Church Canada (Est 2012)$2,500
- Styles Family Foundation$2,000
- United Way of Greater Toronto$1,500
- Charitable Gift Funds Canada Foundation$500
- Strategic Charitable Giving Foundation$400
- Toronto Foundation$400
- CHIMP: Charitable Impact Foundation (Canada)$97
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $250,000–299,9991 position
- $200,000–249,9991 position
- $120,000–159,9992 positions
- $80,000–119,9991 position
- $40,000–79,9995 positions
- Permanent full-time positions74
- Total compensation, all staff$3.7M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Laurie Freudenberg (director); Bob Waterworth (board chair); Tracy Lucato (treasurer); Alison Jousti (director); Calvin Lakhan (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Furniture Bank’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 872531843RR0001), or read how we compute the receipt.