The Governors of the University of Calgary

Analysis

The Governors of the University of Calgary is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in December 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2021, The Governors of the University of Calgary reported income of $1.05bn and spending of $1.06bn, spending 101% of its income. Across the 4 years on record, from March 2018 to March 2021, income grew from $1.1m to $1.05bn (+96347%), an average of +888% a year. The sharpest change came in the year to March 2019, when income rose by 104664%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Governors of the University of Calgary sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include Florida Hospital Medical Group Inc ($1.04bn), Florida Clinical Practice Association Inc ($1.06bn) and St Josephs Health System Subordinate Group Return ($1.03bn).

On its Form 990 for the period ending March 2021, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $2.8m (0.3% of expenses). Other salaries and wages came to $519.5m. At year end it held assets of $3.44bn against liabilities of $1.96bn, net assets of $1.47bn.