The Young-Nak Korean Presbyterian Church of Toronto
Charitable organization · Toronto, Ontario · BN 850007998RR0001 · Christianity · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($5,231,843) as filed with the CRA.
The Young-Nak Korean Presbyterian Church of Toronto is a charitable organization based in Toronto, Ontario, classified by the CRA under christianity. In its fiscal year ending December 31, 2024, it reported $4.4M in revenue and $5.2M 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 $311K.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 80% of peers. Its highest-paid positions fell in the $80,000–119,999 range (6 positions in that band). The charity reported 14 permanent full-time positions.
It reported gifts to 27 qualified donees totalling $79K in 2024, the largest being $9,000 to Christ Apostolic Church (winnipeg Chapter) International Miracle Centre - Vineyard of Comfort Inc.. Its filed list of directors and trustees shows 13 names.
In its own words
Carry out religious teachings. Support christian missionaries. Hold religious meetings. Hold weekly religious meetings such as bible classes and prayer meetings. Maintain and conduct classes for religious education every sunday hold special worship services for good friday thanksgiving day and christmas and new years day
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $4.4M | $5.2M | $5M | — | $79K | $7.9M |
| 2023 | $4.5M | $4.5M | $4.2M | — | $207K | $31K |
| 2022 | $4.1M | $3.8M | $3.6M | — | $111K | $8.7M |
| 2021 | $3.8M | $3.2M | $3M | — | $156K | $8.4M |
| 2020 | $3.8M | $3.3M | $3.1M | — | $150K | $7.8M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Granted $79K to 27 qualified donees — largest 25 shown:
- Christ Apostolic Church (winnipeg Chapter) International Miracle Centre - Vineyard of Comfort Inc.$9,000
- Canada Mosaic Christian Alliance$7,000
- Bmmf/international Service Fellowship$6,500
- The Korean Bible Conference of Canada$6,000
- SEA Mission Inc.$5,500
- Wycliffe Bible Translators of Canada Inc.$3,000
- KCWA Family and Social Services$3,000
- Somali Hope Academy Foundation$3,000
- Dail Community of Canada$3,000
- Agape Vision International Society$3,000
- African Leadership Mission$3,000
- Youth With A Mission (GTA) Inc.$2,500
- University Presbyterian Church$2,500
- The Milal Mission$2,500
- JaneFinch ReachingUp$2,500
- Adam House$2,500
- Vision Fellowship$2,000
- Joy Women & Children's Mission Society of Canada$2,000
- Filling the Gap Dental Outreach$2,000
- Ontario Foundation for the Korean Blind$1,500
- Korean Canadian Alzheimer's Society$1,500
- Langham Partnership of Canada for Global Christian Education Inc.$1,200
- The Council of Korean Churches in Ontario$1,000
- Filling the Gap Dental Outreach$1,000
- Autism in Mind$1,000
Received $311K from 2 charities:
- Canadahelps Canadon$155K
- Canadahelps Canadon$155K
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $80,000–119,9996 positions
- $40,000–79,9998 positions
- Permanent full-time positions14
- Total compensation, all staff$1.9M
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Jung Ahn (elder); Ken Kiyoung Baik (elder); David Kee-Chol Chung (elder); Young Ho Han (elder); Joonbae Kim (elder); Michael Kim (elder); John Hong-Hee Lee (elder); Byung Kon Park (elder); Jeong Kyu Park (elder); John Park (elder); Gihong Seo (elder); Seonwoo Shin (elder); Jai Sun Yoo (elder).
As listed on its 2024 return.
Check the source
Every figure on this page is from The Young-Nak Korean Presbyterian Church of Toronto’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 850007998RR0001), or read how we compute the receipt.