Toronto Hifz Academy
Private foundation · Toronto, Ontario · BN 772743084RR0001 · Support of Religion · website
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($1,004,072) as filed with the CRA.
Toronto Hifz Academy is a private foundation based in Toronto, Ontario, classified by the CRA under support of religion. In its fiscal year ending December 31, 2024, it reported $1.2M in revenue and $1M in expenditures.
Its funding that year was roughly 13% from donations. In 2024, 5 other registered charities reported granting it a combined $120K.
Compared with 2,238 religious charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 53% of peers. Its highest-paid position fell in the $40,000–79,999 range. The charity reported 1 permanent full-time position.
Revenue has grown substantially over its filings on record here, from $176K in 2021 to $1.2M in 2024. Its filed list of directors and trustees shows 5 names.
In its own words
We operate a religious school of instruction on Islam for children youth and adults. We serve over 150 children and youth from the Flemingdon Park and Thorncliffe Park neighbourhoods in Toronto. These areas are high priority neighbourhoods and are well known in Canada for their high refugee and new immigrant populations. We have more than 10 dedicated volunteers who support our daily activities as well as special programming throughout the year.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2021–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $1.2M | $1M | $898K | — | $6,500 | $362K |
| 2023 | $352K | $329K | $301K | $0 | $0 | $134K |
| 2022 | $236K | $180K | $162K | $4,374 | $3,500 | $111K |
| 2021 | $176K | $160K | $150K | $1,755 | $0 | $55K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, December 31, 2024
- Other income$941,273
- Receipted donations$123,717
- Other gifts$34,617
- From other charities$15,750
- Investment income$376
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Received $120K from 5 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9991 position
- Permanent full-time positions1
- Total compensation, all staff$100K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Directors & trustees (2024)
Nazerah Shaikhimamsubedar (director); Esmail Shaikh (general manager - officer); Hafsa Pathan (director); Bilal Parekh (director); Simon Abdulwasi Kehimkar (director).
As listed on its 2024 return.
Check the source
Every figure on this page is from Toronto Hifz Academy’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 772743084RR0001), or read how we compute the receipt.