University of Victoria

Analysis

University of Victoria is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in June 1967, 59 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2023, University of Victoria reported income of $530.0m and spending of $522.0m, spending 99% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $452.1m to $530.0m (+17%), an average of +4.1% a year. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Victoria 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 Seton Hall University ($528.4m), Fiat Lux Risk and Insurance Company ($538.4m) and Faculty Practice Foundation Inc ($497.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 50% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $1.9m (0.4% of expenses). Other salaries and wages came to $293.1m. At year end it held assets of $1.41bn against liabilities of $739.4m, net assets of $674.1m.