Magical Dreams Foundation Inc.
Charitable organization · Surrey, British Columbia · BN 814951497RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($84,079) as filed with the CRA.
Magical Dreams Foundation Inc. is a charitable organization based in Surrey, British Columbia, classified by the CRA under organizations relieving poverty. In its fiscal year ending December 31, 2024, it reported -$1.3M in revenue and $84K in expenditures.
In 2024, 1 other registered charity reported granting it a combined $61K.
Compared with 2,855 poverty-relief charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 42% of peers.
It reported gifts to 1 qualified donee totalling $76K in 2024, the largest being $76K to Saskatoon Community Foundation. Revenue has declined over its filings on record here, from $67K in 2020 to -$1.3M in 2024. Its filed list of directors and trustees shows 3 names.
In its own words
The organization undertakes to raise receive maintain and manage a fund to provide food medicine medical help palliative care treatment dignity and enjoyment and other necessities fo life to poverty stricken or ill persons throughout canada; to provide food medicine medical help education palliative care treatment dignity and enjoyment & other necessities of life to poverty stricken persons that are a result of accidents or diseases. Magical dreams foundation undertakes various initiatives that would serve to alleviate the suffering of poverty and the health and education issues…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | -$1.3M | $84K | — | — | $76K | -$3,094 |
| 2023 | $78K | $6,648 | — | — | — | $1.4M |
| 2022 | $74K | $5,658 | — | — | — | $1.3M |
| 2021 | $70K | $45K | — | — | $40K | $1.2M |
| 2020 | $67K | $49K | — | — | $45K | $1.2M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $76K to 1 qualified donee:
Received $61K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Heather Catroppa (director); Sofia Catroppa (director); Ankush Chaudhry (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Magical Dreams Foundation Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 814951497RR0001), or read how we compute the receipt.