National Zakat Foundation

115 Matheson Blvd W
Mississauga, ON L5R 3L1
CEO: Raheel Irfan
Board President: Qazi Karim

Charitable Reg. #:83991 2599 RR0001

STAR RATING

Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]

✔+

FINANCIAL TRANSPARENCY

Audited financial statements for current and previous years available on the charity’s website.

C-

RESULTS REPORTING

Grade based on the charity's public reporting of the work it does and the results it achieves.

n/r

DEMONSTRATED IMPACT

The demonstrated impact per dollar Ci calculates from available program information.

NEED FOR FUNDING

Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.

68%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 68 cents are available for programs.



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OVERVIEW

About National Zakat Foundation:

National Zakat Foundation is a 2-star charity. The charity has a C- Results Reporting grade, which is below average. Its overhead spending is within Ci’s reasonable range. The charity's reserve funds can cover program costs for 3 months, also within Ci’s reasonable range.

Founded in 2013, National Zakat Foundation (NZF) supports Muslims across Canada by making religious giving (Zakat) simpler and more transparent. The charity reports there are 99,300 Muslims who are Zakat eligible in Canada. In 2023, NZF ran four major programs: Nisa Homes, Food, Housing, and Essentials. The charity spent $7.9m on its programs and grants in 2023. NZF helped 12,138 people in 2023, of which 5,341 were children, 4,622 were men, and 2,175 were women. 

Nisa Homes received 48% ($3.8m) of program spending in 2023. The program offers housing for Muslim domestic violence survivors across Canada. NZF moved the program to Nisa Foundation in September 2024. Ci did not find any mention of the program in the 2023 annual report. 

Food received 33% ($2.6m) of program spending in 2023. The program provides fresh, halal food packages and gift cards to support Muslims in need. In 2023, NZF delivered 2,230 fresh food packages, provided 3,736 meals, and gave food gift cards to 6,475 people. 

Housing received 12% ($944k) of program spending in 2023. The program gives rent subsidies to Muslims with housing challenges. NZF supported 1,421 people and 379 households in 2023. This works out to $2.6k per household. 

Essentials received 5% ($393k) of program spending in 2023. The charity helps poor families pay for medical support, transportation, and utilities. The Essentials program supported 1,507 people in 2023. This works out to $265 per person. 

NZF spent the remaining 2% ($157k) of its program costs on its Zakat Education program and its Seasonal program.

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Results and Impact

In 2023, National Zakat Foundation’s Food program delivered 2,230 fresh food packages and provided 3,736 meals to Muslims in need. While Ci highlights these results, they may not completely represent NZF’s results and impact.

NZF is not yet rated on impact (n/r). This does not affect the star rating.

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Finances

National Zakat Foundation's audited financial statements follow activity-based costing, a best practice. The charity received $7.8m in Canadian donations and $753k in international donations in 2023. The total of $8.5m is 80% of revenue. It received $916k in government funding.

The charity spent $7.9m on its programs and grants in 2023, which is 81% of revenue. NZF ran a deficit of $1.1m, meaning it drew on its reserves to fund its operations.  It spent $1.6m on fundraising, which is 21% of donations, and it spent $1.2m on administration, which is 12% of revenue. For every dollar donated to the charity, 68 cents are available to go to the cause. This is within Ci’s reasonable range.

NZF has $1.9m in its reserves (cash and investments). These funds can cover the charity’s program costs for almost three months. This is within Ci’s reasonable range.  

Updated on August 15, 2025 by Joshua Leduc. This update has been sent to the charity and changes may be forthcoming.

Financial Review


Financial Ratios

Fiscal year ending December
202320222021
Administrative costs as % of revenues 12.0%8.5%10.0%
Fundraising costs as % of donations 20.5%15.8%11.5%
Total overhead spending 32.5%24.3%21.5%
Program cost coverage (%) 23.8%86.1%86.1%

Summary Financial Statements

All figures in $000s
202320222021
Donations 7,7756,7756,534
International donations 75300
Goods in kind 140391160
Government funding 9161,269378
Other income 137815(72)
Total revenues 9,7209,2507,000
Program costs 7,1076,0174,963
Grants 7632822
Donated goods exp 140391160
Administrative costs 1,167784700
Fundraising costs 1,5941,070751
Total spending 10,7718,2906,596
Cash flow from operations (1,050)961404
Capital spending 2,3845754
Funding reserves 1,8715,2054,292

Note: 1. Ci used the T3010 (filings from the CRA) to back out government funding of $916k in 2023, $1.3m in 2022, and $378k in 2021. 2. Ci used the T3010 to back out international donations of $753k from Canadian donations in 2023. 3. Ci adjusted for deferred contributions, which affected revenue by ($336k) in 2023, $454k in 2022, and ($247k) in 2021. 4. Ci adjusted for the receipt of contributions restricted for capital assets. This affected revenue by $125k in 2023. 5. Ci backed out the support services on schedule 2 from program costs. This affected program costs by ($1.3m) in 2023, ($855k) in 2022, and ($606k) in 2021. 6. Ci backed out amortization costs of $97k in 2023, $26k in 2022, and $14k in 2021 pro-rata from program costs, fundraising costs, and administration costs. 

Salary Information

Full-time staff: 87

Avg. compensation: $40,545

Top 10 staff salary range:

$350k +
0
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
3
$40k - $80k
7
< $40k
0

Information from most recent CRA Charities Directorate filings for F2023

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.nzfcanada.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 888-693-2203

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Charitable Registration Number: 80340 7956 RR0001