REALNews Foundation
Public foundation · Toronto, Ontario · BN 853941599RR0001 · Foundations
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($64,586) as filed with the CRA.
REALNews Foundation is a public foundation based in Toronto, Ontario, classified by the CRA under foundations. In its fiscal year ending March 31, 2024, it reported $15K in revenue and $65K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 100% from donations. In 2024, 3 other registered charities reported granting it a combined $14K.
Compared with 3,025 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 9% of peers. Its fundraising cost per donated dollar was higher than 77% of that peer group.
Revenue has declined over its filings on record here, from $34K in 2020 to $15K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $15K | $65K | $30K | $17K | — | $12K |
| 2023 | $1,916 | $35K | — | — | — | $59K |
| 2022 | $3,284 | $19K | — | — | — | $93K |
| 2021 | $9,500 | $8,407 | — | — | — | $108K |
| 2020 | $34K | $16K | — | — | — | $107K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $14K from 3 charities:
- R&M Lang Foundation$7,500
- Panicaro Foundation$5,000
- Inspirit Foundation$1,500
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2023)
T Scruggs (director); Robert Lang (director); Dimitri Lascaris (director).
As listed on its 2023 return.
Check the source
Every figure on this page is from REALNews Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 853941599RR0001), or read how we compute the receipt.