878860014RR0001 — 0001
Registered — Lachine, QC — Charitable Organization
Scores: Legitimacy 82/100 · Effectiveness 92/100
Financials: Revenue $612,568 · Expenditures $683,488
COVIQ is a neighbourhood-level poverty relief organization in Lachine, Quebec, where 91.4% of revenue goes to staff compensation — an extreme ratio that reflects a service model built entirely around community workers and outreach staff. The A+ trust grade is anchored by 25 years of registration, flawless governance, and an impressive 90.7% program spending ratio that significantly outperforms the 77.9% peer median. Revenue has grown steadily at 5.9% CAGR with remarkably low volatility.
Our Verdict: A well-run neighbourhood community organization that directs over 90% of spending to programs, with steady growth and stable governance — the very high compensation ratio is the natural result of a direct-service model where staff are the program, not a sign of excess.