Life Fountain Ministries Inc.
Charitable organization · North York, Ontario · BN 899047906RR0001 · Christianity · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($66,862) as filed with the CRA.
Life Fountain Ministries Inc. is a charitable organization based in North York, Ontario, classified by the CRA under christianity. In its fiscal year ending March 31, 2024, it reported $60K in revenue and $67K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 80% from donations. In 2021, 1 other registered charity reported granting it a combined $1,200.
Compared with 13,471 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 41% of peers.
Revenue has declined over its filings on record here, from $156K in 2020 to $60K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
Preaching and advancing the teaching of faith christian and religious tenets doctrines on a weekly basis. Counselling and members welfare children day progaram and supporting of less priviledge in the community seminars for youth and young adult
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $60K | $67K | $60K | — | — | $191K |
| 2023 | $62K | $57K | $48K | — | — | $198K |
| 2022 | $78K | $120K | $106K | — | — | $193K |
| 2021 | $257K | $166K | $157K | — | — | $234K |
| 2020 | $156K | $139K | $133K | — | — | $143K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2021
Received $1,200 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Caleb Abas (ceo); Olutayo Olaleye (general secretary); Taiwo Adetunji (financial secretary); Taiwo Odujirin (director); Tumbi Sosan (tresurer).
As listed on its 2024 return.
Check the source
Every figure on this page is from Life Fountain Ministries Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 899047906RR0001), or read how we compute the receipt.