Lantern of Knowledge Academy
Charitable organization · North York, Ontario · BN 783249675RR0001 · Islam · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($363,875) as filed with the CRA.
Lantern of Knowledge Academy is a charitable organization based in North York, Ontario, classified by the CRA under islam. In its fiscal year ending December 31, 2024, it reported $375K in revenue and $364K in expenditures.
Its funding that year was roughly 90% from donations, 10% from government. In 2024, 1 other registered charity reported granting it a combined $144.
Compared with 14,125 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 87% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 3 permanent full-time positions.
It reported gifts to 1 qualified donee totalling $1,200 in 2024, the largest being $1,200 to Darulkhair Islamic Centre. Revenue has grown substantially over its filings on record here, from $132K in 2021 to $375K in 2024.
In its own words
Opening of prayer space at 29- 747 don mills road and offering the following programs: b) five times a day congregational prayers; c) jumma prayers - including weekly sermon service; d) taraweeh (night) prayers in month of ramadan; e) hifz class- memorization of holy quran by youth; f) maktab classes for children - currently we have over 100 children enrolled for evening classes. Taught by our qualified teachers g)weekly tafsir (meaning of the holy quran) class
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $375K | $364K | $364K | — | — | $73K |
| 2023 | $325K | $275K | $261K | $0 | $9,170 | $85K |
| 2022 | $201K | $175K | $175K | $0 | $0 | $38K |
| 2021 | $132K | $134K | $133K | — | — | $23K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $1,200 to 1 qualified donee:
Received $144 from 1 charity:
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
- $1–39,9992 positions
- Permanent full-time positions3
- Total compensation, all staff$259K
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 Lantern of Knowledge Academy’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 783249675RR0001), or read how we compute the receipt.