Governing Council of the University of Toronto

Analysis

Governing Council of the University of Toronto is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in January 1954, 72 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending April 2023, Governing Council of the University of Toronto reported income of $3.21bn and spending of $2.80bn, spending 87% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $2.73bn to $3.21bn (+18%), an average of +4.2% a year. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Governing Council of the University of Toronto 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 Trustees of Boston University ($3.13bn), Chancellor Masters & Scholars of the University of Oxford ($3.42bn) and Albany Medical Center Group Organization ($3.04bn).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 31% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $6.1m (0.2% of expenses). Other salaries and wages came to $1.35bn. At year end it held assets of $10.29bn against liabilities of $3.49bn, net assets of $6.79bn.