University of Calgary
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.
83%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 83 cents are available for programs.
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OVERVIEW
About University of Calgary:
University of Calgary is a top-rated 5-star charity. As with most Universities, it has a high results reporting grade and is financially transparent. The charity can cover just over 11 months of program costs with its current funding reserves.
In 1966, the University of Calgary (UCalgary) was granted autonomy from the University of Alberta (founded 1908). The University’s mission and goals include sharpening focus on research and scholarship, enriching the quality and breadth of learning, and fully integrating with the community. Times Higher Education ranked the University of Calgary 8th in its 2022 national university rankings. UCalgary has 14 faculties offering more than 250 academic programs.
University of Calgary has over 26,000 undergraduate students and over 6,000 graduate students. In F2021, University of Calgary had over 1,800 academic staff members. UCalgary has 7.8 million items in library collections and 18 Rhodes scholars to date. The school is currently ranked the 6th top research university in Canada in terms of sponsored funding research. In F2021, the University gave out 5,114 undergraduate degrees and 2,091 graduate degrees. UCalgary also reports that it has 11,071 alumni who are actively engaged in the community.
University of Calgary is home to 169 research chairs, including the Canada Excellence Research Chair in Materials Engineering for Unconventional Oil Reservoirs. The University received $497.1m in sponsored research funding in F2021. It focuses on six global priority research areas – Energy Innovations For Today and Tomorrow; Human Dynamics in a Changing World; Engineering Solutions for Health; New Earth-Space Technologies; Infections, Inflammation and Chronic Diseases; and Brain and Mental Health. In F2021, UCalgary’s research resulted in 6,701 publications and 27,332 citations.
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Results and Impact
University of Calgary reported a 95.4% undergraduate retention rate and a 76.4% undergraduate graduation rate in F2021. The university also reported a 93.5% employment rate in F2020.
In F2021, UCalgary played a crucial role in synthesizing covid-19 data for the City of Calgary. It produced a widely used data tracker that reports live data on case counts, testing, and vaccine outcomes.
While Ci highlights these key results, they may not be a complete representation of University of Calgary’s results.
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Finances
University of Calgary received donations of $259.7m in F2021. The University also received $822.2m in government funding (55% of total revenues) and $269.6m in student tuition and fees. Administrative costs are 9% of revenues (excluding investment income) and fundraising costs are 8% of donations. UCalgary spends 17% on overhead. This means for every dollar donated, 83 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
The University has net funding reserves of $1.0b which can cover annual program costs for just over eleven months.
This charity report is an update that has been sent to the University of Calgary for review. Changes and edits may be forthcoming.
Updated on June 30, 2022 by Emma Saganowich.
Financial Review
Fiscal year ending March
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 9.1% | 10.8% | 12.2% |
| Fundraising costs as % of donations | 8.4% | 12.2% | 6.9% |
| Total overhead spending | 17.5% | 23.0% | 19.1% |
| Program cost coverage (%) | 94.0% | 77.5% | 88.4% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 259,710 | 208,478 | 276,272 |
| Government funding | 822,233 | 839,328 | 865,586 |
| Fees for service | 269,638 | 255,876 | 242,574 |
| Business activities (net) | 68,840 | 113,786 | 111,905 |
| Investment income | 81,424 | 63,750 | 55,133 |
| Other income | (4,516) | 3,599 | 6,203 |
| Total revenues | 1,497,329 | 1,484,817 | 1,557,673 |
| Program costs | 1,097,345 | 1,167,200 | 1,050,511 |
| Administrative costs | 128,575 | 153,149 | 183,654 |
| Fundraising costs | 21,825 | 25,420 | 18,951 |
| Total spending | 1,247,745 | 1,345,769 | 1,253,116 |
| Cash flow from operations | 249,584 | 139,048 | 304,557 |
| Capital spending | 158,104 | 211,602 | 226,631 |
| Funding reserves | 1,031,997 | 904,435 | 928,660 |
Note: Ci reported sales of services and products net of expenses, affecting revenues by ($7.8m) in F2021, ($15.9m) in F2020, and ($17.0m) in F2019. Ci adjusted for deferred revenue to report revenue on a cash basis. This affected revenues by $111.9m in F2021, $28.8m in F2020, and $72.6m in F2019. Ci used University of Calgary's CRA T3010 filing to break down administrative and fundraising costs.
Salary Information
$350k + |
6 |
$300k - $350k |
4 |
$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 F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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