The Governors of the University of Alberta

Analysis

The Governors of the University of Alberta is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in October 1953, 73 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2024, The Governors of the University of Alberta reported income of $1.45bn and spending of $1.45bn, spending 100% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $1.4m to $1.45bn (+104029%), an average of +468% a year. The sharpest change came in the year to March 2021, when income rose by 94638%. Over the whole period it spent 97% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, The Governors of the University of Alberta 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 University of Western Ontario ($1.36bn), World Vision ($1.51bn) and International Rescue Committee Inc ($1.34bn).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 57% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $2.8m (0.2% of expenses). Other salaries and wages came to $695.4m. At year end it held assets of $4.69bn against liabilities of $2.68bn, net assets of $2.01bn. It reported 14,363 employees.