Loading this charity’s filing…
Loading this charity’s filing…
$11,596,522
$11,143,070
It took in $453,452 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 | Not reported | Not reported |
| 2018 | $2.4M | $1.1M |
| 2019 | $5.5M | $2.7M |
| 2020 | $4.3M | $3.6M |
| 2021 | $7.4M | $5.0M |
| 2022 | $10.2M | $8.9M |
| 2023 | $5.7M | $8.6M |
| 2024 | $11.6M | $11.1M |
No return is on file for 2017. A charity can file late, or not at all in a year — this is a gap in the record, not a year of no activity.
| What it went on | CRA line | Amount | Share |
|---|---|---|---|
| Charitable programs | 5000 | $7,271,750 | 65.3% |
| Management and administration | 5010 | $3,871,320 | 34.7% |
| Fundraising | 5020 | Not reported | — |
| Total expenditures excluding gifts | 4950 | $11,143,070 |
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.
Quantum Valley Ideas Laboratories reported spending 65.3% of its expenditure on charitable programs. Among the 189 charities registered under research that reported the same line for 2024, the middle of the range is 85.6%, and this charity sits at the 22th percentile — below 78% 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.
Canadian charities report how many of their ten highest-paid positions fall in each pay band. Not who they are, and not what any one person earns — the return does not collect that, and it cannot be worked out from what follows.
10 positions reported in total.
| Permanent full-time positions | 300 | 36 |
|---|---|---|
| Total spent on all compensation | 390 | $4,711,328 |
Charities that hold significant property not used in their programs must spend a minimum amount each year — the disbursement quota. Quantum Valley Ideas Laboratories files this schedule; most charities do not.
| Required to spend | 840 | $57,202 |
|---|---|---|
| Counted toward the quota | 860 | $7,271,750 |
| Difference | 865 | $7,214,548 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 777087321 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.