Microbank of Canada/Microbanque du Canada
Charitable organization · North York, Ontario · BN 718476336RR0001 · Organizations Relieving Poverty
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($6,150) as filed with the CRA.
Microbank of Canada/Microbanque du Canada is a charitable organization based in North York, Ontario, classified by the CRA under organizations relieving poverty. In its fiscal year ending March 31, 2024, it reported $4,775 in revenue and $6,150 in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 16% from donations. In 2024, 1 other registered charity reported granting it a combined $10K.
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 80% of peers.
Its filed list of directors and trustees shows 3 names.
In its own words
The microbank is globally situated to eradicate poverty enrich lives and build communities mandated to impact humanity through creative ideas technology exclusive finance for development and innovation among others. As such granting loans bursaries and scholarships to eligble local and international students families and other individuals. Among such other things providing microfinancing products and services for but not limited to (starting up a business tuition apprenticeship agri-food/horticulture and agricultural studies inclusive entrepreneaurship and intrapreneaurship econ…
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2022–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4,775 | $6,150 | $6,150 | — | — | $3,530 |
| 2023 | $24K | $19K | $19K | — | — | $4,905 |
| 2022 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $10K from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Marvin Watson (chairman); Samoura Mills (director); Jaron McIntosh Hinds (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Microbank of Canada/Microbanque du Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 718476336RR0001), or read how we compute the receipt.