Skip to content
← Canadian charitiesAlso makes grants — grantmaker profile →

Ontario · Registered charity

BLUE SEA PHILANTHROPY INC.

BLUE SEA PHILANTHROPY INC. (Ontario) receives grants from 404 organizations whose Canada Revenue Agency filings report C$1,272,698 to it, the largest being Canadian Online Giving Foundation/Fondation canadienne de dons en ligne (C$223,594). 141 of them have funded it in more than one year.

C$17M
Revenue FY2024
404
Funders on record
C$1.3M
Grants received
C$1.6M
Net assets
141/404 repeat funderspeak grant-dependency 2%

Against its field

BLUE SEA PHILANTHROPY INC. has grown faster than half of the 362 foundations nonprofits its size.

Operating margin3% · bottom quartile
Months of reserve1.4mo · bottom quartile
Revenue growth (annualized)14% · above the median

this organization peer median middle 50% of peers· 362 foundations nonprofits $10M–$100M, FY2024

Three funders worth looking at

Grantmakers with no record of funding this organization, ranked by how strongly the co-funder graph and the mission embeddings agree. The evidence is in section 03.

See all 12 prospects and why each one surfaced →
01The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 (C$6.9M) Expenses 100 (C$6.9M) Net assets 100 (C$15k)2018 Revenue 107 (C$7.4M) Expenses 107 (C$7.4M) Net assets 76 (C$11k)2019 Revenue 124 (C$8.5M) Expenses 123 (C$8.6M) Net assets -196 (C$-29576)2020 Revenue 132 (C$9.1M) Expenses 123 (C$8.5M) Net assets 3750 (C$565k)2021 Revenue 183 (C$13M) Expenses 170 (C$12M) Net assets 8924 (C$1.3M)2022 Revenue 197 (C$14M) Expenses 198 (C$14M) Net assets 7584 (C$1.1M)2023 Revenue 221 (C$15M) Expenses 220 (C$15M) Net assets 6989 (C$1.1M)2024 Revenue 243 (C$17M) Expenses 234 (C$16M) Net assets 10414 (C$1.6M)
'17'18'19'20'21'22'23'24
Revenue (243)Expenses (234)Net assets (10414)Peer revenue range

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2020 4% · 2021 1%. Grants only. Government contracts and fees sit inside program revenue.

97% of BLUE SEA PHILANTHROPY INC.’s revenue is contributions — more reliant on donations than three-quarters of its peers (56% for the typical peer).

This organization
Typical peer · 318 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 5 of the last 8 reported years ran a deficit.

−C$46k
’17
−C$4k
’18
−C$41k
’19
C$595k
’20
C$780k
’21
−C$202k
’22
−C$90k
’23
C$516k
’24
1.4
months of
reserve
02Who funds it

Who funds it, year by year

2017 → 2023: the base broadened from 67 funders to 124 funders, grant income rose C$130k → C$288k.

Funder
'17
'18
'19
'20
'21
'22
'23
'24*
total
Lion Hearts Inc.unclassified
C$61k
Abundance Canadaunclassified
C$18k
Redleaf Foundationunclassified
C$15k
C$15k
C$14k
C$13k
C$12k
C$12k
C$11k
Hallmark Givingunclassified
C$10k
funders
67
51
69
77
91
105
124
112

From the CRA filings of BLUE SEA PHILANTHROPY INC.’s funders (the co-funder graph). Top 30 of 404 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How concentrated its funding is

BLUE SEA PHILANTHROPY INC. has a broad base — no single funder exceeds 18% of grant income, and it takes 19 funders to reach half.

the vertical line marks half of all grant income — 19 funders to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund BLUE SEA PHILANTHROPY INC..

18%
largest funder
26%
top three
~24
effective funders

Largest funder’s share by year: 2017 16% · 2018 15% · 2019 15% · 2020 19% · 2021 18% · 2022 13% · 2023 19% — growing more concentrated.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

How long its funders stay

15% of BLUE SEA PHILANTHROPY INC.'s funders are still giving 3 years after their first grant; 35% give in more than one year at all.

first grant+1y+2y+3y+4y+5y+6y

Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.

Where its funders are

BLUE SEA PHILANTHROPY INC. draws 57% of its grant income from funders outside Ontario, across 10 regions in all.

In-province vs out-of-province, by year

’17
’18
’19
’20
’21
’22
’23
Ontario out of province

Funder regions come from each funder’s own filing. C$78k arriving through sponsors registered in 4 regions is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024 is still being filed and is shown unshaded; it does not move any figure on this page.

03Its place in the field

Funders to approach

Grantmakers that don’t fund you yet, surfaced two ways: they back organizations that share your funders, or their grantees resemble your mission. The ones both signals agree on come first. Your 404 funders put you well-backed among the 400 organizations that share them.

From the co-funder graph (funders backing at least two comparable organizations, shrunk for grantee count, donor-advised and mega-funds excluded) and the universe embeddings. A research starting point; overlap is association, not a guarantee of fit.

Government revenue BLUE SEA PHILANTHROPY INC. reports

Federal, provincial and municipal funding on the organization’s own T3010 return.

FY2021C$72k
20
21
  • 1% of FY2021 revenue
  • As filed, not traced to an award

Organizations like BLUE SEA PHILANTHROPY INC.

Organizations whose mission and program text most resemble this one, by semantic similarity over every charity on the CRA register — the closest peers, and often the clearest route to shared or prospective funders.

In Ontario

Nationally

04Profile & governance

Read directly from this organization’s own T3010 return, as neutral context.

Where the money goes

96% of spending goes to programs.

Program 96%Management 4%Fundraising 0%

Governance

8
board members

Questions and answers

Who funds BLUE SEA PHILANTHROPY INC.?
BLUE SEA PHILANTHROPY INC. (Ontario) receives grants from 404 organizations whose Canada Revenue Agency filings report C$1,272,698 to it, the largest being Canadian Online Giving Foundation/Fondation canadienne de dons en ligne (C$223,594). 141 of them have funded it in more than one year.
How many funders does BLUE SEA PHILANTHROPY INC. have?
Canada Revenue Agency filings report 404 organizations giving C$1,272,698 in grants to BLUE SEA PHILANTHROPY INC., 141 of which have funded it in more than one year.
Who is the largest funder of BLUE SEA PHILANTHROPY INC.?
Canadian Online Giving Foundation/Fondation canadienne de dons en ligne is the largest funder on record, with C$223,594 in grants. The full list of funders is on this page.
How can an organization like BLUE SEA PHILANTHROPY INC. find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Ontario.

These figures are read directly from the CRA's published T3010 data: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 404 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported September 23, 2026. What this page cannot tell you · View the T3010 on the CRA register