Fung Loy Kok Institute of Taoism is a 0-star charity. The charity is not financially transparent and has an F Results Reporting grade, which is below average. It holds reserves that can cover annual program costs for over 11 years, outside Ci's reasonable range. For every dollar donated, 65 cents are available to go to the cause. Read Ci's report before donating. 

Founded in 1983, the Fung Loy Kok Institute of Taoism (Fung Loy Kok) works to promote Taoist philosophy and Chinese culture through public education and maintaining temples and shrines. Its programs are primarily focused on communicating the teachings of master Moy Lin Shin. People who participate in its programs report a “a sense of lightness and well-being”.  Fung Loy Kok spent $2.2m on its programs in 2023.

Fung Loy Kok’s international centre was built in 1984 and is in Mono, Ontario. The charity has two regional centres: one in Vancouver and one in Calgary. Fung Loy Kok runs its programs in community centres and churches in 183 locations across Canada. The charity states that Taoist Tai Chi can relieve people of pain and improve mental health.

Fung Loy Kok Institute of Taoism is not financially transparent. The charity did not provide Ci with its financial statements upon request. Ci received its financial statements from the CRA.

Fung Loy Kok’s audited financial statements use line-item costing. This is not a best practice. Ci used the charity’s T3010 to report program, administrative, and fundraising costs.

Fung Loy Kok received $1.2m in donations and special events revenue in 2023. It also received $1.4m in fees for service, which are fees people pay for its classes. The charity spent $2.2m on its programs, which is 51% of revenue. It recorded a surplus of $2.9m, including the proceeds from the sale of a building. The charity’s surplus is 48% of revenue (including cap ex).

Fung Loy Kok spent $8k on fundraising, which is less than 1% of donations, and $952k on administration, which is 34% of revenue (excluding investment income). Total overhead spending is 35%. For every dollar donated to Fung Loy Kok, 65 cents are available to go to the cause, which is just within Ci’s reasonable range.

Fung Loy Kok has $24.9m in reserve funds (cash and investments). The charity’s reserves can cover its annual program costs for over 11 years. This is outside Ci’s reasonable range.

Fung Loy Kok’s $24.9m in cash and investments returned $1.5m in 2023, at an 8% rate of return. Over the past five years, its investments averaged a -2% rate of return.

This charity report has been sent to Fung Loy Kok Institute of Taoism for review.

Updated on June 12, 2025 by Liam Chapleau.