Good News Ministries of Toronto
Charitable organization · Woodbridge, Ontario · BN 891669483RR0001 · Support of Religion · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($183,873) as filed with the CRA.
Good News Ministries of Toronto is a charitable organization based in Woodbridge, Ontario, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $154K in revenue and $184K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 42% from donations, 53% from other charities. In 2024, 19 other registered charities reported granting it a combined $69K.
Compared with 14,125 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 1% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 4 permanent full-time positions.
It reported gifts to 1 qualified donee totalling $2,000 in 2024, the largest being $2,000 to Taproot Ministries. Its filed list of directors and trustees shows 3 names.
In its own words
Ministering the gospel throughout italy and europe outreaches conferences seminars establishing bible schools. We continue to support foster homes italian prisions with christian literature for the inmates. Print & distribute christian literature into the italian language. Networking with pastors & leaders continue to grow. Online bible school & social media presence continues to grow.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $154K | $184K | — | — | $2,000 | $70K |
| 2023 | $166K | $189K | — | — | $3,100 | $55K |
| 2022 | $175K | $155K | — | — | $1,700 | $78K |
| 2021 | $169K | $142K | — | — | — | $58K |
| 2020 | $158K | $124K | — | — | $200 | $31K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $2,000 to 1 qualified donee:
- Taproot Ministries$2,000
Received $69K from 19 charities:
- Kenneth Hagin Ministries of Canada$13K
- Life Church International$12K
- The City Church of Mississauga$7,450
- Ministers Network Canada$7,000
- Windsor Christian Fellowship$6,000
- All People's Church Inc.$3,600
- Hope City Abbotsford Church Society$3,350
- True North Church Inc.$3,000
- Toronto City Church$2,400
- Wofcam Incorporated$2,400
- Base Christian School$2,000
- Ted Shuttlesworth Ministries Canada$2,000
- Rick4Can Ministries$2,000
- Bible Faith Church of Toronto$1,625
- Abundant Life Ministries of Edmonton Interdenominational$1,000
- Bible Faith Church of Durham$600
- R M H New Life Christian Centre$490
- Canadahelps Canadon$90
- Destiny International Church—
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- $1–39,9993 positions
- Permanent full-time positions4
- Total compensation, all staff$74K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Jim Drakopoulos (president); Eugenio Cruz (sec/tres.); Thomas Zimmerman (v/p).
As listed on its 2024 return.
Check the source
Every figure on this page is from Good News Ministries of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 891669483RR0001), or read how we compute the receipt.