Source Ministries Inc.
Charitable organization · Rothesay, New Brunswick · BN 854938685RR0001 · Support of Religion
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($758,178) as filed with the CRA.
Source Ministries Inc. is a charitable organization based in Rothesay, New Brunswick, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $72K in revenue and $758K in expenditures. Spending exceeded revenue that year — the gap came out of reserves.
Its funding that year was roughly 98% from donations. In 2024, 2 other registered charities reported granting it a combined $70K.
Compared with 13,471 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 8% of peers.
It reported gifts to 2 qualified donees totalling $75K in 2024, the largest being $68K to Missao Evangelica de Assistencia Aos Pescadores (meap). Its filed list of directors and trustees shows 7 names.
In its own words
Source ministries support humanitarian educational and spiritual work with organizations in third world countries with which we have agency agreements
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $72K | $758K | $133 | — | $75K | $0 |
| 2023 | $78K | $83K | $345 | — | $82K | $0 |
| 2022 | — | $44K | $155 | — | $43K | $0 |
| 2021 | $54K | $55K | $53K | — | — | $20K |
| 2020 | $49K | $55K | — | — | — | $21K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $75K to 2 qualified donees:
- Missao Evangelica de Assistencia Aos Pescadores (meap)$68K
- Exodus Evangelical Mission$6,366
Received $70K from 2 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
John Stevens (chairman); Carol Sleep (treasurer); Kenneth Brown (director); Jorgen Klausen (director); Elizabeth Klausen (director); Jeremy McNally (director); Patricia Alcorn.
As listed on its 2024 return.
Check the source
Every figure on this page is from Source Ministries Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 854938685RR0001), or read how we compute the receipt.