Queen's 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.
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
Fiscal year ending April
|
2020 | 2019 | 2018 |
|---|---|---|---|
| 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 StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 113,923 | 125,837 | 86,119 |
| Government funding | 407,760 | 418,728 | 385,347 |
| Fees for service | 396,553 | 391,372 | 354,021 |
| Business activities (net) | 96,496 | 100,578 | 95,614 |
| Investment income | 51,698 | 138,296 | 86,680 |
| Other income | 22,557 | 28,134 | 26,485 |
| Total revenues | 1,088,987 | 1,202,945 | 1,034,266 |
| Program costs | 874,268 | 859,144 | 771,305 |
| Grants | 437 | 100 | 100 |
| Administrative costs | 35,591 | 33,852 | 32,121 |
| Fundraising costs | 12,633 | 11,174 | 10,734 |
| Other costs | 13,963 | 14,032 | 13,995 |
| Total spending | 936,892 | 918,302 | 828,255 |
| Cash flow from operations | 152,095 | 284,643 | 206,011 |
| Capital spending | 26,521 | 74,280 | 101,270 |
| Funding reserves | 1,648,358 | 1,566,580 | 1,402,423 |
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
$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:
Charity Contact
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