University of Waterloo

Analysis

University of Waterloo is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 1984, 42 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2024, University of Waterloo reported income of $1.35bn and spending of $1.28bn, spending 95% of its income. Across the 5 years on record, from April 2020 to April 2024, income grew from $1.14bn to $1.35bn (+18%), an average of +4.2% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Waterloo 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 Tufts Medical Center Parent Inc ($1.30bn), MHM Support Services ($1.38bn) and Ascension Health-Is Inc ($1.25bn).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 37% and program service revenue 45% of the total. Other salaries and wages came to $683.3m. At year end it held assets of $2.70bn against liabilities of $1.31bn, net assets of $1.39bn.