September 2024
- Posting by Chidi
- News
The Canada Revenue Agency released the Report on the Charities Program for 2022 to 2023. The report showcases the work that the Canada Revenue Agency does to support registered charities and other qualified donees, and to maintain public trust in the Canadian charitable sector. The Charities Directorate’s goal is to help charities comply with income tax legislation and regulations.
Progress made from 2022 to 2023
The report highlights the CRA’s activities and progress from April 1, 2022, to March 31, 2023. Most notably, the CRA:
- implemented a new way for registered charities to work with non-qualified donees by making grants
- began developing changes to Form T3010, Registered Charity Information Return
- decreased processing times to make a final decision on applications for registration by 31%, from an average of 213 days to 147 days
- continued to develop and refine audit support products to respond to changes in legislation and policy, such as the new granting legislation and the disbursement quota changes
Key data points from the report
- 85,955 registered charities as of 2022
- 74,544 charitable organizations
- 6549 private foundations
- 4862 public foundations
- Assets, revenue, and expenditures by designation (billions)
- Charitable organizations: $468 Assets, $309 Revenue, $293 Expenditures
- Private foundations: $87 Assets, $11 Revenue, $6 Expenditures
- Public foundations: $48 Assets, $15 Revenue, $8 Expenditures
- Revenue by type (in billion dollars)
- Total revenue from government: $229B (69%)
- Other*: $41B (12%)
- Revenue from sales of goods and services: $23B (7%)
- Tax-receipted gifts: $21B (6%)
- Non-tax-receipted revenue: $11B (3%)
- Revenue from other registered charities: $10B (3%)
For further information about the report data or to access more findings, click here.
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