116 St. and 85 Ave.
Edmonton, AB T6G 2R3
President: Bill Flanagan
Board Chair: Kate Chisholm

Charitable Reg. #:10810 2831 RR0001

STAR RATING

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

[Charity Rating: 5/5]

✔+

FINANCIAL TRANSPARENCY

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

A

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.

85%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 85 cents are available for programs.



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OVERVIEW

About University of Alberta:

University of Alberta is a 5-star charity. It has an A results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range. Excluding donor-endowed funds, University of Alberta has reserve funds to cover its annual program costs for nine months.

Founded in 1908, University of Alberta (U of A) is a public research university in Edmonton. U of A has five campuses. Four are in Edmonton: the original North Campus, South Campus (agricultural research), Campus Saint-Jean (French-language) and Enterprise Square (downtown campus). Its North Campus is next to the North Saskatchewan River Valley, North America’s largest urban park. Augustana Campus (formerly the Camrose Lutheran College) is in Camrose, Alberta. The 2024 Times Higher Education Impact Rankings placed U of A at #1 in Canada and #6 in the world for sustainability impact. U of A has two main programs: Academics and Research.

A Charity Intelligence 2024 Top 100 Rated Charity.

In the fiscal year ended March 2023 (F2023), U of A spent 58% of program spending on Academics. This includes 5% of program spending on special purpose expenses. Special purpose expenses include scholarships, bursaries, and academic programs funded by restricted grants and donations. U of A offers over 200 undergraduate and over 500 graduate programs. In F2023, it had 44,069 students. 35,591 (81%) were domestic students and 8,478 (19%) were international students. U of A had 1,914 self-declared Indigenous students in F2023. In partnership with the Government of Alberta, U of A plans to add 2,600 students in high-demand areas by 2026. These areas include health care, business, engineering, and science. U of A aims to grow enrolment to over 60,000 students by 2030.

University of Alberta spent 27% of program spending on Research in F2023. U of A has over 120 active spinoffs. Spinoffs are companies distinct from the university. Most of spinoff companies' commercial activities come from the use of technology originating from U of A research. In F2023, U of A added 13 new spinoffs. U of A reported 72 new inventions in F2023. It filed 82 patent applications and reported 31 patents granted. U of A executed 52 revenue agreements in F2023. These agreements included licenses, royalties, and options. In F2023, U of A had 91 Canada Research Chairs.

Remaining program spending went towards Facility Operations and Maintenance ($180.5m or 10% of program spending ) and Ancillary Services ($92.9m or 5% of program spending). 

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Results and Impact

In F2023, University of Alberta had an 81.7% completion rate. This number is based off of on-time graduations. On-time is six years for direct entry high school admits, five years for post-secondary transfers and Masters, and nine years for PhDs. U of A reports that 96% of its students are employed two years post-graduation and 95.2% of graduates are working in a field related to the general skills and abilities acquired through their education. 80% of PhD students find employment before graduation.

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

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

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Finances

University of Alberta is a Major 100 charity, one of Canada’s largest charities in terms of donations. In F2023, U of A received $154.2m in donations. It received $962.7m (47% of total revenue) in government funding and $458.5m (22% of total revenue) in student tuition and fees. Administrative costs are 11% of total revenue (excluding investment income) and fundraising costs are 4% of donations. Overhead spending is 15%, which is within Ci’s reasonable range. For every dollar donated, 85 cents are available for the cause. In F2023, U of A spent $1.5b on its programs (73% of total revenue).

In F2023, University of Alberta had a surplus of $323.2m and spent $139.2m on capital expenditures.

At the end of F2023, University of Alberta had $2.9b in reserve funds. $1.7b of reserve funds are donor endowed. Excluding donor-endowed funds, U of A has reserve funds to cover 83% or ten months of its annual program costs.

This charity profile is an update that was sent to University of Alberta for review. Changes and edits may be forthcoming.

Updated on June 26, 2024 by Thea Clark.

Financial Review


Financial Ratios

Fiscal year ending March
202320222021
Administrative costs as % of revenues 11.2%11.1%10.4%
Fundraising costs as % of donations 4.0%2.7%5.5%
Total overhead spending 15.2%13.9%15.9%
Program cost coverage (%) 82.6%83.3%71.9%

Summary Financial Statements

All figures in $000s
202320222021
Donations 154,194152,881138,016
Government funding 962,660938,9991,008,642
Fees for service 458,523434,622387,315
Business activities (net) 214,973182,153140,635
Investment income 160,080181,665103,569
Other income 94,302123,053129,350
Total revenues 2,044,7322,013,3731,907,527
Program costs - International 0410126
Program costs - Canada 1,500,2261,406,6961,371,966
Grants 3,703302224
Administrative costs 211,472203,992186,736
Fundraising costs 6,1344,1567,593
Total spending 1,721,5351,615,5561,566,644
Cash flow from operations 323,197397,817340,883
Capital spending 139,228240,711178,587
Funding reserves 2,899,3542,744,0652,504,294

Note: ADMINISTRATIVE AND FUNDRAISING COSTS: The charity does not disclose spending on administration and fundraising in its audited financial statements. Ci used the charity’s T3010 filing with the CRA to determine administrative and fundraising costs. DEFERRED REVENUE: The charity uses deferred accounting. To show donors this information on a consistent basis, Ci adjusted for deferred revenues. This affected revenue by $113.3m in F2023, $75.5m in F2022, and $124.8m in F2021. DEFERRED CAPITAL CONTRIBUTIONS: Ci adjusted for the increase in spent deferred capital contributions less in-kind donations. This affected revenue by $69.0m in F2023, $101.0m in F2022, and $101.0m in F2021. Ci also adjusted for expended capital contributions recognized as revenue, affecting total revenue by ($88.0m) in F2023, ($92.3m) in F2022, and ($96.5m) in F2021. ENDOWMENT CONTRIBUTIONS: Ci included endowment contributions in donations. This affected revenue by $17.8m in F2023, $17.6m in F2022, and $18.1m in F2021. ENDOWMENT INVESTMENT INCOME: Ci included endowment investment income in revenue. This affected revenue by $19.6m in F2023, $5.7m in F2022, and $18.1m in F2021.

Salary Information

Full-time staff: 5,667

Avg. compensation: $130,021

Top 10 staff salary range:

$350k +
10
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
0
$120k - $160k
0
$80k - $120k
0
$40k - $80k
0
< $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.ualberta.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 780-492-3111

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Charitable Registration Number: 80340 7956 RR0001