University of British Columbia

Analysis

University of British Columbia is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in November 1938, 88 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 British Columbia reported income of $2.60bn and spending of $2.50bn, spending 96% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $2.08bn to $2.60bn (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2022, when income rose by 21%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, University of British Columbia 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 Notre Dame du Lac ($2.59bn), University of Pittsburgh ($3.14bn) and Northeastern University ($2.59bn).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 51% and program service revenue 43% of the total. Compensation of current officers, directors and key employees was $7.9m (0.3% of expenses). Other salaries and wages came to $1.31bn. At year end it held assets of $5.88bn against liabilities of $3.45bn, net assets of $2.44bn.