The M.k. Foundation/La Fondation M.k.

It spent $4,920,244 more than it took in, drawing down 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.

• Charitable programs51.4%
• Management and administration20.6%
• Fundraising28.0%

The M.k. Foundation/La Fondation M.k. reported spending 51.4% of its expenditure on charitable programs. Among the 3,143 charities registered under foundations that reported the same line for 2024, the middle of the range is 71.5%, and this charity sits at the 37th percentile — below 63% 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.

• 1$1–39,999
• 1$40,000–79,999

2 positions reported in total. The form asks only about the ten highest-paid, so a smaller number means the charity reported fewer compensated positions than that.

Charities that hold significant property not used in their programs must spend a minimum amount each year — the disbursement quota. The M.k. Foundation/La Fondation M.k. files this schedule; most charities do not.

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.