University of Ontario Institute of Technology

Analysis

University of Ontario Institute of Technology is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2023, University of Ontario Institute of Technology reported income of $178.0m and spending of $176.8m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $159.5m to $178.0m (+12%), an average of +2.8% a year. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of Ontario Institute of Technology 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 Point Loma Nazarene University ($178.0m), Grove City College ($178.5m) and Clark Atlanta University Inc ($177.8m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 46% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $3.5m (2.0% of expenses). Other salaries and wages came to $80.0m. At year end it held assets of $395.0m against liabilities of $301.9m, net assets of $93.1m. It reported 2,038 employees.