University of New Brunswick

Analysis

University of New Brunswick is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in April 1958, 68 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2023, University of New Brunswick reported income of $275.5m and spending of $266.3m, spending 97% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $268.7m to $275.5m (+2.5%), an average of +0.6% a year. The sharpest change came in the year to April 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of New Brunswick 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 St Vincent Carmel Hospital Inc ($274.7m), Vassar College ($284.4m) and California Independent System Operator Corporation ($272.5m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 50% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $2.1m (0.8% of expenses). Other salaries and wages came to $146.6m. At year end it held assets of $682.8m against liabilities of $362.5m, net assets of $320.4m.