The Island Academy Foundation
Charitable organization · Toronto, Ontario · BN 758128490RR0001 · Support of Schools and Education
Source: T3010 return, FPE 2024-07-31. Split of total expenditures ($100,000) as filed with the CRA.
The Island Academy Foundation is a charitable organization based in Toronto, Ontario, classified by the CRA under support of schools and education. In its fiscal year ending July 31, 2024, it reported $250K in revenue and $100K in expenditures.
Its funding that year was roughly 100% from donations. In 2024, 1 other registered charity reported granting it a combined $7,500.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 94% of peers.
In its own words
Continuing to raise funds for under priviledge kids in antigua w.I the school has 4 volunteers actively canvassing donors
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $250K | $100K | — | — | $100K | $322K |
| 2023 | $30K | $52 | — | — | — | $172K |
| 2022 | $305K | $166K | — | — | $166K | $334K |
| 2021 | $638K | $454K | — | — | $445K | $194K |
| 2020 | — | — | — | — | — | — |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $7,500 from 1 charity:
As reported on the donors’ own T3010 qualified-donee schedules.
Check the source
Every figure on this page is from The Island Academy Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 758128490RR0001), or read how we compute the receipt.