Ladysmith Resources Centre Association

Ladysmith Resources Centre Association is a charitable organization based in Ladysmith, British Columbia, classified by the CRA under community resource organizations. It appears on the charity register the way hospitals, universities, and other publicly funded bodies do — to issue tax receipts — rather than as a donation-driven charity in the usual sense. In its fiscal year ending March 31, 2024, it reported $2.4M in revenue and $2.4M in expenditures.

Its funding that year was roughly 10% from donations, 55% from government, 5% from other charities. Government funding is the majority of its budget. In 2024, 13 other registered charities reported granting it a combined $644K.

Compared with 829 community-service institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 42% of peers. Its fundraising cost per donated dollar was lower than 91% of that peer group. Its highest-paid positions fell in the $40,000–79,999 range (10 positions in that band). The charity reported 23 permanent full-time positions.

Revenue has grown substantially over its filings on record here, from $670K in 2020 to $2.4M in 2024. Its filed list of directors and trustees shows 4 names.