Watermark Theatre Inc.
Charitable organization · North Rustico, Prince Edward Island · BN 816301956RR0001 · Education in the Arts
Source: T3010 return, FPE 2024-12-31. Split of total expenditures ($463,832) as filed with the CRA.
Watermark Theatre Inc. is a charitable organization based in North Rustico, Prince Edward Island, classified by the CRA under education in the arts. In its fiscal year ending December 31, 2024, it reported $500K in revenue and $464K in expenditures.
Its funding that year was roughly 23% from donations, 22% from government. In 2024, 6 other registered charities reported granting it a combined $139K.
Compared with 1,764 education charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 59% of peers. Its highest-paid positions fell in the $40,000–79,999 range (2 positions in that band). The charity reported 2 permanent full-time positions.
Revenue has grown substantially over its filings on record here, from $223K in 2020 to $500K in 2024.
In its own words
The charity promotes the creation and production of performing arts during the summer and fall months.
Ongoing-program description from its T3010 filing, verbatim.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $500K | $464K | $404K | — | — | -$114K |
| 2023 | $466K | $514K | $462K | — | — | -$153K |
| 2022 | $374K | $391K | $343K | — | — | -$102K |
| 2021 | $333K | $310K | $265K | — | — | -$85K |
| 2020 | $223K | $163K | $118K | — | — | -$108K |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Money between charities, 2024
Received $139K from 6 charities:
As reported on the donors’ own T3010 qualified-donee schedules.
What it pays
Its ten highest-paid positions, by band:
- $40,000–79,9992 positions
- Permanent full-time positions2
- Total compensation, all staff$215K
Schedule 3 of its 2024 return. The CRA discloses bands, not names or exact salaries.
Check the source
Every figure on this page is from Watermark Theatre Inc.’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 816301956RR0001), or read how we compute the receipt.