McMaster University Ontario

Analysis

McMaster University Ontario is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 1938, 88 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2023, McMaster University Ontario reported income of $1.06bn and spending of $944.6m, spending 89% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $905.7m to $1.06bn (+17%), an average of +3.9% a year. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McMaster University Ontario 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 Clinical Practice Association Inc ($1.06bn), Commonwealth Scientific and Industrial Research Organization ($1.07bn) and The Governors of the University of Calgary ($1.05bn).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 47% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $2.9m (0.3% of expenses). Other salaries and wages came to $474.0m. At year end it held assets of $2.83bn against liabilities of $1.42bn, net assets of $1.41bn.