York University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
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.
81%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 81 cents are available for programs.
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OVERVIEW
About York University:
Founded in 1959, York University (York) is the 2nd largest university in Ontario, and the 3rd largest in Canada. York’s vision is to give a broad demographic of students access to a high quality, research-intensive learning environment committed to the public good. Outside of Ontario, York has its Hyderabad campus in India for its MBA program and its Ecocampus in Costa Rica. York’s two main programs are education and research. In F2018, Times Higher Education ranked York University as one of the top 100 universities for its law, business, and economics programs.
In the 2017-2018 school year, York was attended by 49,700 undergraduate students and 6,000 graduate students, of which 8,500 were international students. York offers 5,000 courses and over 200 undergraduate and graduate programs across its eleven faculties. In F2018, York awarded 35,986 scholarships to its students totaling $74.9 million. Every year, York has over 300 student clubs and employed 1,900 students on campus. York is currently building a new campus in Markham that is scheduled to open in 2022.
Through its research program, York received $96m in grants and awards. Since July 2017, York has introduced 12 new research programs and has 25 research centres and 39 research chairs. York reports that in 2017, it was ranked number one in research impact in Ontario in the areas of business, management & accounting, mathematics, and nursing.
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Results and Impact
York reports that 91% of graduates got a job within two years of graduation. York professor Lauren Sergio designed the Brain Dysfunction Indicator, a technology built to better assess brain injuries which will lead to improved health outcomes for Canadians.
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Finances
York University is one of Canada’s Major 100 charities with donations of $98.6m. York also collected $732m in tuition and $418m in government funding. Administrative costs are 14% of total revenues (excluding investment income) and fundraising costs are 6% of total donations. For every dollar donated to the charity, 81 cents go to its programs. This is within Ci’s reasonable range for overhead spending. York has net funding reserves of $656m, of which $451m are donor-endowed. Excluding donor-endowed funds, York’s funding reserves can cover program costs for 3 months.
This charity report is an update that has been sent to York University. Changes and edits may be forthcoming.
Updated on August 8, 2019 by Stefan Tetzlaff.
Financial Review
Fiscal year ending April
|
2018 | 2017 | 2016 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.8% | 13.5% | 13.2% |
| Fundraising costs as % of donations | 5.6% | 16.9% | 8.0% |
| Total overhead spending | 19.4% | 30.4% | 21.2% |
| Program cost coverage (%) | 25.4% | 14.8% | 12.8% |
Summary Financial StatementsAll figures in $000s |
2018 | 2017 | 2016 |
|---|---|---|---|
| Donations | 98,591 | 33,022 | 73,846 |
| Government funding | 389,984 | 380,276 | 371,650 |
| Fees for service | 587,787 | 587,264 | 551,524 |
| Business activities (net) | 50,794 | 52,018 | 50,644 |
| Investment income | 20,987 | 25,123 | 23,636 |
| Other income | 0 | 7,988 | 5,337 |
| Total revenues | 1,148,143 | 1,085,691 | 1,076,637 |
| Program costs | 826,513 | 823,906 | 792,697 |
| Administrative costs | 154,937 | 142,907 | 138,887 |
| Fundraising costs | 5,537 | 5,593 | 5,930 |
| Other costs | 26,771 | 26,804 | 23,522 |
| Total spending | 1,013,758 | 999,210 | 961,036 |
| Cash flow from operations | 134,385 | 86,481 | 115,601 |
| Capital spending | 123,904 | 40,903 | 69,325 |
| Funding reserves | 656,039 | 574,955 | 496,872 |
Note: Ci used York’s T3010A filing to allocate expenses to fundraising costs taking them out of program costs. Ci removed amortization of deferred capital contributions from revenues, affecting total revenue by ($15m) in F2018, ($16m) in F2017, and ($16m) in F2016. Ci recognized contributions for capital campaigns and for the endowment as donations, affecting total revenue by $85m in F2018, $21m in F2017, and $65m in F2016. Ci is reporting sales and service revenue net of expenses.
Salary Information
$350k + |
7 |
$300k - $350k |
3 |
$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 F2018
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Comments & Contact
Comments added by the Charity:
Charity Contact
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