Hearts for Healthcare Ltd.
Public foundation · Cold Lake, Alberta · BN 848947503RR0001 · Foundations
Source: T3010 return, FPE 2024-09-30. Split of total expenditures ($482,604) as filed with the CRA.
Hearts for Healthcare Ltd. is a public foundation based in Cold Lake, Alberta, classified by the CRA under foundations. In its fiscal year ending September 30, 2024, it reported $621K in revenue and $483K in expenditures.
In 2024, 3 other registered charities reported granting it a combined $53K.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 4% of peers. Its fundraising cost per donated dollar was higher than 99% of that peer group. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
As a grantmaker, it reported gifts to 1 qualified donee totalling $45K in 2024, the largest being $45K to Alberta Health Services. Revenue has grown substantially over its filings on record here, from $153K in 2020 to $621K in 2024.
In its own words
To gift funds and/or medial equipment to qualified donees as defined in subsection 149.1(1) of the income tax act; to construct or lease healthcare facilities and/or maintain existing facilities operated by Alberta Health Services; and to do all things intened and ancillary to the attainment of the above charitable purposes.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $621K | $483K | $83K | $189K | $45K | $839K |
| 2023 | $566K | $545K | $113K | $167K | $199K | $655K |
| 2022 | $453K | $314K | $212K | — | $40K | $634K |
| 2021 | $348K | $216K | $107K | — | $61K | $510K |
| 2020 | $153K | $135K | $54K | — | $35K | $338K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $45K to 1 qualified donee:
- Alberta Health Services$45K
Received $53K from 3 charities:
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
- Permanent full-time positions1
- Total compensation, all staff$73K
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 Hearts for Healthcare Ltd.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 848947503RR0001), or read how we compute the receipt.