Upper Canada College Foundation

Analysis

Upper Canada College Foundation is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 1970, 56 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3).

In the financial year ending June 2023, Upper Canada College Foundation reported income of $1.1m and spending of $3.5m, spending 322% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $3.6m to $1.1m (-70%), an average of -70% a year. The sharpest change came in the year to June 2023, when income dropped by 70%. Over the whole period it spent 152% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Upper Canada College Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 80th percentile. Charities of a similar size with the same main cause include Montclair Hockey Club Inc ($1.1m), Volunteers of America Inc ($1.1m) and Lifestat Ambulance Service Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. At year end it held assets of $101.1m against liabilities of $16k, net assets of $101.1m.