Spark Potential Canada
Private foundation · Bloomingdale, Ontario · BN 782171540RR0001 · Foundations
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($149,392) as filed with the CRA.
Spark Potential Canada is a private foundation based in Bloomingdale, Ontario, classified by the CRA under foundations. In its fiscal year ending December 31, 2024, it reported $215K in revenue and $149K in expenditures.
Its funding that year was roughly 6% from donations.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 50% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 3 qualified donees totalling $131K in 2024, the largest being $75K to Rwanda Prefer Society. Revenue has declined over its filings on record here, from $1.1M in 2021 to $215K in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
The charity makes donations to qualified donees.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $215K | $149K | — | — | $131K | $4.4M |
| 2023 | $915K | $71K | — | — | $58K | $4.3M |
| 2022 | $2.5M | $92K | — | — | $83K | $3.5M |
| 2021 | $1.1M | $12K | — | — | $9,000 | $1.1M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $131K to 3 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Inga Rinne (secretary); Matthew Cowan (president); Eric Cowan (treasurer); Peter Cowan (director); Andrea Cowan (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Spark Potential Canada’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 782171540RR0001), or read how we compute the receipt.