875054223RR0001 — 0011
Registered — Calgary, AB — Charitable Organization
Scores: Legitimacy 100/100 · Effectiveness 84/100
Financials: Revenue $283,995 · Expenditures $474,792
The Calgary Construction Association Education Fund is a scholarship-granting organization tied to Calgary's construction industry, delivering 99% of its expenditures directly to programs — well above peer norms — but running a significant deficit in its latest fiscal year as it drew down reserves to fund a spike in awards. Despite extreme revenue volatility over its five-year filing history, the fund maintains peer-normal reserves and a clean governance profile, suggesting a structurally sound vehicle for industry-directed education funding.
Our Verdict: This is a lean, focused scholarship fund that channels nearly every dollar into awards, with no fundraising costs and healthy reserves. The 2024 deficit — where expenditures exceeded revenue by about $191K — reflects a deliberate drawdown rather than a structural crisis, but donors should confirm the fund's plans to replenish its asset base before making large contributions.