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$419,854
$175,739
It took in $244,115 more than it spent, and retained the difference. Neither is good or bad on its own — charities hold reserves, run capital campaigns, and spend down endowments, and the return does not say which.
| Year | Money in | Money out |
|---|---|---|
| 2017 | $206K | $195K |
| 2018 | -$84K | $176K |
| 2019 | $273K | $177K |
| 2020 | $98K | $171K |
| 2021 | $479K | $180K |
| 2022 | -$113K | $172K |
| 2023 | $289K | $172K |
| 2024 | $420K | $176K |
| What it went on | CRA line | Amount | Share |
|---|---|---|---|
| Charitable programs | 5000 | $134,874 | 76.7% |
| Management and administration | 5010 | $40,865 | 23.3% |
| Fundraising | 5020 | Not reported | — |
| Total expenditures excluding gifts | 4950 | $175,739 |
This charity did not report a fundraising figure. That is not the same as zero. Only one charity in five reports a fundraising figure at all, and the return does not require it.
Heather L. Main Memorial Scholarship Fund reported spending 76.7% of its expenditure on charitable programs. Among the 2,543 charities registered under support of schools and education that reported the same line for 2024, the middle of the range is 87.5%, and this charity sits at the 33th percentile — below 67% of them.
That is a position in a distribution, not a verdict. Charities allocate costs differently on the same form, and a lower share often reflects how a return was filled in rather than how the money was spent. The cohort counts only charities that reported this line — about a quarter of the register does not, and they are not in the comparison at all.
Charities that hold significant property not used in their programs must spend a minimum amount each year — the disbursement quota. Heather L. Main Memorial Scholarship Fund files this schedule; most charities do not.
| Required to spend | 840 | $116,609 |
|---|---|---|
| Counted toward the quota | 860 | $134,874 |
| Difference | 865 | $18,265 above the quota |
Charities may also carry a disbursement excess forward for five years, so a single year is a slice of a longer calculation rather than the whole of it.
The most recent return this charity has filed — not its position today. Charities have six months to file and the CRA publishes annually.
These are the charity’s own figures. A surprising figure is at least as likely to be a filing error as a finding.
This site cannot confirm whether 747946499 RR 0001 is registered today. Its filings are public open data; current registration status is not, and the CRA’s own listing is the only authoritative source. Check this charity on the CRA Charities Listing.
Source: Canada Revenue Agency — List of charities (T3010). Data current as of 2024 filing year. Filed by the charity and not audited by the CRA. Contains information licensed under the Open Government Licence – Canada.