The Children's Book Bank
Charitable organization · Toronto, Ontario · BN 844532952RR0001 · Support of Schools and Education · website
Source: T3010 return, FPE 2024-03-31. Split of total expenditures ($543,892) as filed with the CRA.
The Children's Book Bank is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending March 31, 2024, it reported $561K in revenue and $544K in expenditures.
Its funding that year was roughly 51% from donations, 47% from other charities. In 2024, 28 other registered charities reported granting it a combined $807K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 73% of peers. Its fundraising cost per donated dollar was lower than 80% of that peer group. Its highest-paid position fell in the $80,000–119,999 range. The charity reported 5 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $125K in 2020 to $561K in 2024. Its filed list of directors and trustees shows 7 names.
In its own words
The children's book bank and literacy foundation operates as a charitable organization to support children's literacy in lower income nighbourhoods. Our focus group is from newborn to 12 years old. We continue to support book distribution through the mccauley child development centre east york east toronto early years centre thorncliffe neighbourhood services agincourt community services and rexdale community hub. The building babies' brains program provides books and literacy support through neighbourhood health clinics.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $561K | $544K | $507K | $8,699 | — | $429K |
| 2023 | $488K | $412K | $381K | $7,382 | — | $412K |
| 2022 | $500K | $431K | $400K | $9,986 | — | $335K |
| 2021 | $424K | $397K | $369K | $9,998 | — | $266K |
| 2020 | $125K | $89K | $85K | $1,791 | — | $239K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $807K from 28 charities:
- The Waltons Trust$280K
- Canadahelps Canadon$117K
- Canadahelps Canadon$117K
- Toronto Foundation$67K
- Rotary Club of Toronto Charitable Foundation$30K
- Tippet Foundation$25K
- Canada Gives$22K
- The Azrieli Foundation$20K
- Betty Averbach Foundation$16K
- Canadian Online Giving Foundation$15K
- The Catherine and Maxwell Meighen Foundation$15K
- The Kiwanis Club of Toronto Foundation$10K
- RBC Foundation$10K
- Weston Family Foundation$10K
- The Balsillie Family Foundation$10K
- Traquair Family Foundation$7,500
- St. Andrew's Charitable Foundation$5,000
- The George Lunan Foundation$5,000
- Charitable Gift Funds Canada Foundation$5,000
- The Minto Greenberg Legacy Foundation$5,000
- Han & Sun Family Foundation$4,000
- Aqueduct Foundation$3,000
- The Newall Family Foundation$3,000
- The Mariano Elia Foundation$2,400
- The Hopscotch Foundation$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9991 position
- $40,000–79,9994 positions
- Permanent full-time positions5
- Total compensation, all staff$418K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Sarah Facey (chair); Brenda Abrams (vice chair); Jennifer Samarco (treasurer); Melissa Cassar (member); Yun Cheng (member); Madhu Rupasinghe (member); Nimmy George (secretary).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Children's Book Bank’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 844532952RR0001), or read how we compute the receipt.