1125 Colonel By Drive
Ottawa, ON K1S 5B6
President: Benoit-Antoine Bacon
Chancellor: Yaprak Baltacioglu

Charitable Reg. #:11883 8937 RR0001


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

[Charity Rating: 3/5]



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



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



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


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



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 100 cents are available for programs.

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About Carleton University:

Carleton University is a three-star charity and one of Canada's largest charities. As with most large universities, it has a high results reporting grade and is financially transparent. The university's funding reserves can cover program costs for under one year. In F2021 and F2020, Carleton University does not report administrative costs or fundraising costs separately on its audited financial statements or its T3010 filing with the CRA. As a result, no overhead spending is reported for these years.

Founded in 1942, Carleton University (Carleton) is a public university in Ottawa, Ontario. Carleton’s campus is 62 hectares and is located just south of Ottawa’s city centre. It borders the Rideau Canal which is a UNESCO heritage site. The university has six faculties that offer 132 undergraduate programs, 68 master’s programs, and 41 doctoral programs. Carleton’s main charitable programs are education, research, and renovations. 

In F2022, Carleton University had 31,409 students enrolled, including 27,026 undergraduate students and 4,383 graduate students. 20,546 of the undergraduate students are full-time and 6,480 are part-time. 3,838 of the graduate students are full-time and 545 are part-time. In F2022, the university reports that 48% of its undergraduate students were women. It also reports that 12.3% of undergraduate students were from outside of Canada.

Carleton had 1,016 faculty members, 1,403 staff members, 893 contract instructors and 2,020 graduate teaching assistants in F2022. In F2020, it had 28 Canada Research Chairs, 25 Order of Canada recipients, and one Canada 150 Research Chair. During the year, it funded 59 covid-19 research projects. In F2021, the university opened The Nicol Building for the Sprott School of Business. The building is over 100,000 square feet and had a budget of $65.1m.

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Results and Impact

In F2021, Carleton reports that it gave out 5,148 bachelors degrees, 1,219 master’s degrees, and 342 PhDs. It also reports that its researchers had an average of 9.7 citations per publication during the year. 

While Ci highlights these key results, they may not be a complete representation of Carleton University’s results and impact.

This charity is not yet rated on impact (n/r).

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Carleton University is a Major 100 charity, one of Canada’s largest charities in terms of donations. In F2021, Carleton received $26.2m in donations. The university received $336.0m in student fees (46% of total revenue) and $243.4m in government funding (33% of total revenue). It also earned $94.3m in investment income (13% of total revenue), representing a 23% annual return. Carleton’s average annual investment return Since F2019 is 12%. The average annual investment return of the S&P 500 from 2019 to 2021 is around 24%. 

Carleton does not report administrative costs or fundraising costs on its audited financial statements or its T3010 filing with the CRA for both F2021 and F2020. As a result, no overhead spending is reported for these years. In F2019, total overhead spending was 24%. In F2019, for every dollar donated to the charity, 76 cents went to the cause.

The university has $897.9m in net funding reserves ($957.2m in liquid assets less $59.3m in interest-bearing debts). Its liquid assets also include $344.1m in donor-endowed funds. Carleton’s net funding reserves, excluding donor-endowed funds, can cover annual program costs for around one year.

This charity report is an update that has been sent to Carleton University for review. Changes and edits may be forthcoming.

Updated on July 13th, 2022 by Arjun Kapur.

Financial Review

Financial Ratios

Fiscal year ending April
Administrative costs as % of revenues 0.0%0.0%3.9%
Fundraising costs as % of donations 0.0%0.0%20.1%
Total overhead spending 0.0%0.0%24.0%
Program cost coverage (%) 96.4%86.1%105.3%

Summary Financial Statements

All figures in $000s
Donations 26,24920,41728,882
Government funding 243,423242,505243,581
Fees for service 336,036335,419348,511
Business activities (net) 5,06321,68324,244
Investment income 94,3345,91344,139
Other income 23,17327,87438,734
Total revenues 728,278653,811728,091
Program costs - International 1,8372,6021,850
Program costs - Canada 589,742583,751527,892
Administrative costs 0026,648
Fundraising costs 005,813
Other costs 2,8703,1263,348
Total spending 594,449589,479565,551
Cash flow from operations 133,82964,332162,540
Capital spending 59,85656,42174,769
Funding reserves 897,942783,626830,344

Note: Ci includes deferred donations in revenue, affecting total revenues by $2.8m in F2021, ($6.7m) in F2020, and ($5.4m) in F2019. Ci includes endowment contributions and endowment investment income in revenue, affecting total revenues by $54.4m in F2021, $3.2m in F2020, and $26.0m in F2019. Amortization of deferred capital contributions was removed from revenue and deferred capital contributions was included. This affects total revenues by ($490k) in F2021, ($8.5m) in F2020, and $4.4m in F2019.

Salary Information

Full-time staff: 2,421

Avg. compensation: $134,211

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.carleton.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 613-520-2600


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Charitable Registration Number: 80340 7956 RR0001