University of B C Pension Plan for Members of the Academic Staff

Analysis

University of B C Pension Plan for Members of the Academic Staff is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in February 1980, 46 years ago. Its declared purposes cover mutual and membership benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, University of B C Pension Plan for Members of the Academic Staff reported income of $205.4m and spending of $136.5m, leaving 34% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $180.4m to $205.4m (+14%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 78%. Over the whole period it spent 52% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of B C Pension Plan for Members of the Academic Staff 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 Education Development Center Inc ($201.5m), Reedley Community Hospital ($206.2m) and Howard Brown Health Center ($201.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 44% of the total. Compensation of current officers, directors and key employees was $359k (0.3% of expenses). Other salaries and wages came to $876k. At year end it held assets of $3.00bn against liabilities of $4.9m, net assets of $2.99bn.