IQRA Foundation
Charitable organization · Montreal, Quebec · BN 861612802RR0001 · Support of Religion · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($540,243) as filed with the CRA.
IQRA Foundation is a charitable organization based in Montreal, Quebec, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $618K in revenue and $540K in expenditures.
Its funding that year was roughly 100% from donations. In 2024, 2 other registered charities reported granting it a combined $3,100.
Compared with 14,125 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 22% of peers.
In its own words
To provide a convenient facility for five times daily islamic prayer to the muslim community in the areas surrounding point st charles montreal quebec. To provide facilities for muslim children to learn to read holy quran and study about islam on weekends. To help poor and needy financial as well as moral support.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $618K | $540K | $315K | — | — | $1.6M |
| 2023 | $898K | $701K | $420K | — | — | $1.6M |
| 2022 | $635K | $425K | $211K | — | — | $1.4M |
| 2021 | $499K | $595K | $373K | — | — | $1.2M |
| 2020 | $469K | $533K | $291K | — | — | $1.3M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $3,100 from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
- Total compensation, all staff$18K
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 IQRA Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 861612802RR0001), or read how we compute the receipt.