The Wave Ministries
Private foundation · North York, Ontario · BN 816555536RR0001 · Support of Religion
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($164,509) as filed with the CRA.
The Wave Ministries is a private foundation based in North York, Ontario, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $1.8M in revenue and $165K in expenditures.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 23% 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 4 qualified donees totalling $125K in 2024, the largest being $67K to Overseas Missionary Fellowship. Its filed list of directors and trustees shows 3 names.
In its own words
Prayer meetings and supporting charitable organizations that advance the christian faith and support humanitarian efforts
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.8M | $165K | — | $35K | $125K | $7.3M |
| 2023 | $108K | $93K | — | — | $86K | $3M |
| 2022 | $905K | $2.8M | — | — | $104K | $1.1M |
| 2021 | $1.1M | $51K | — | — | $47K | $3M |
| 2020 | $1.4M | $22K | — | — | $21K | $1.9M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $125K to 4 qualified donees:
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Lloyd Min (director); Suh Juhno (director); Sung Jieun (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Wave Ministries’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 816555536RR0001), or read how we compute the receipt.