99 University Avenue
Kingston, ON K7L 3N6
Principal: Patrick Deane
Board Chair: Mary Wilson Trider

Charitable Reg. #:10786 8705 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 Queen's University:

Founded in 1841, Queen’s University (Queen’s) is a public university in Kingston and one of Canada’s oldest degree-granting institutions. Queen’s has eight faculties and schools, as well as the Bader International Study Centre in East Sussex, UK. Queen’s states that it is home to students from 121 countries, with international students making up around 13% of first-year classes. Its main programs are education and research, for which it does not provide a spending breakdown.

In fall 2020, Queen’s University had 26,309 enrolled students. This included 19,480 undergraduate students, 3,392 graduate students, 1,516 medical and law students, 1,369 MBA and professional degree students, and 552 medical residents. Queen’s offers 125 graduate degree programs. It reported that 24% of graduate students were international students from 86 countries in F2020.

Queen’s University is home to 47 Canada Research chairs. In F2020, Queen’s negotiated more than 1,300 research contracts. During the year, its researchers filed over 40 new patents and received 20 patent approvals. Queen’s also works with three affiliated research facilities, the Canadian Cancer Trials Group, SNOLAB, and Canada’s National Design Network, which received more than $60m in research funding in F2020.

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Results and Impact

Queen’s University states that 87% of its students graduate within seven years, which is the highest rate among schools in Canada. In F2020, Queen’s also reported that 92% of its graduates found jobs after six months and 95% found jobs after two years. According to the 2021 Maclean’s University Rankings, Queen’s ranks third across Canadian universities for student satisfaction and fifth for medical-doctoral programs.

While Ci highlights these key results, they may not be a complete representation of Queen’s University’s results and impact. This charity is not yet rated on impact (n/r).

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Finances

Queen’s University is a Major 100 charity, one of Canada’s largest charities in terms of donations. It received donations of $113.9m in F2020. During the year, Queen’s also received $407.8m in government grants (37% of revenues) and $396.6m in student fees (36% of revenues). Administrative costs are 3% of revenues (less investment income) and fundraising costs are 11% of donations. This results in total overhead spending of 15%. For every dollar donated to the charity, 85 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

Queen’s has $1.6 billion in net funding reserves, of which $920.1m is donor-endowed. Excluding donor-endowed funds, Queen’s can cover 88% or less than 11 months of annual program costs.

Charity Intelligence has sent this update to Queen’s University for review. Changes and edits may be forthcoming.

Updated on August 30, 2021 by Eric Zhao.

Financial Review


Financial Ratios

Fiscal year ending April
202020192018
Administrative costs as % of revenues 3.4%3.2%3.4%
Fundraising costs as % of donations 11.1%8.9%12.5%
Total overhead spending 14.5%12.1%15.9%
Program cost coverage (%) 87.9%79.0%73.9%

Summary Financial Statements

All figures in $000s
202020192018
Donations 113,923125,83786,119
Government funding 407,760418,728385,347
Fees for service 396,553391,372354,021
Business activities (net) 96,496100,57895,614
Investment income 51,698138,29686,680
Other income 22,55728,13426,485
Total revenues 1,088,9871,202,9451,034,266
Program costs 874,268859,144771,305
Grants 437100100
Administrative costs 35,59133,85232,121
Fundraising costs 12,63311,17410,734
Other costs 13,96314,03213,995
Total spending 936,892918,302828,255
Cash flow from operations 152,095284,643206,011
Capital spending 26,52174,280101,270
Funding reserves 1,648,3581,566,5801,402,423

Note: To report on a cash basis, Ci adjusted donations by changes in deferred revenue (excluding student fees and government funding) and deferred capital contributions. This affected revenues by $43.9m in F2020, $43.8m in F2019, and $24.8m in F2018. Ci included endowment contributions in donations and investment income on external endowments in investment income. This affected revenues by $26.4m in F2020, $88.7m in F2019, and $61.8m in F2018. Ci gathered grants, administrative costs, and fundraising costs from the charity’s T3010 filings, removing the amounts from program costs. Ci removed amortization on a pro-rata basis from program, administrative, and fundraising costs.

Salary Information

Full-time staff: 2,831

Avg. compensation: $145,525

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 F2020

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.queensu.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 613-533-2000

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