Over 55 (london) Inc.
Publicly funded institution · London, Ontario · BN 119074896RR0001 · Organizations Relieving Poverty · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($265,508) as filed with the CRA.
Over 55 (london) Inc. is a charitable organization based in London, Ontario, classified by the CRA under organizations relieving poverty. 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 $269K in revenue and $266K in expenditures.
Its funding that year was roughly 96% from government. Government funding is the majority of its budget. In 2024, 1 other registered charity reported granting it a combined $145.
Compared with 1,890 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 58% of peers. Its fundraising cost per donated dollar was higher than 94% of that peer group. Its highest-paid positions fell in the $80,000–119,999 range (2 positions in that band). The charity reported 4 permanent full-time positions.
Its filed list of directors and trustees shows 3 names.
In its own words
Generating meaningful work and volunteer opportunities for older adults. Assisting adjust to improve their economic security sense of community and quality of life by connecting them with income earning opportunities and services.continuing to support seniors connecting with one another in an effort to reduce isolation. Over 55 along with other community partners has engaged within a lmp project. This project is to investigate the opportunities and issues the human resource needs the training and skill-building needs and the societal/systemic changes needed in relation to the longevity …
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $269K | $266K | $236K | $3,496 | — | $38K |
| 2023 | $697K | $671K | $594K | $11K | — | $34K |
| 2022 | $412K | $415K | $367K | $6,593 | — | $7,786 |
| 2021 | $228K | $287K | $259K | — | — | $10K |
| 2020 | $330K | $271K | $124K | $173 | — | $70K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $145 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9992 positions
- $1–39,9992 positions
- Permanent full-time positions4
- Total compensation, all staff$111K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Angela Lundy (chair); Gary Lowe (treasurer/director); Rob Pelleja (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Over 55 (london) Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 119074896RR0001), or read how we compute the receipt.