Project Read Literacy Network (waterloo - Wellington)

Project Read Literacy Network (waterloo - Wellington) is a charitable organization based in Kitchener, 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 $1.2M in revenue and $1.2M in expenditures.

Its funding that year was roughly 78% from government, 13% from other charities. Government funding is the majority of its budget. In 2024, 2 other registered charities reported granting it a combined $18K.

Compared with 1,618 poverty-relief institutions of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 35% of peers. Its fundraising cost per donated dollar was lower than 82% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 3 permanent full-time positions.

Revenue has grown substantially over its filings on record here, from $514K in 2020 to $1.2M in 2024. Its filed list of directors and trustees shows 6 names.