University of Manitoba

Analysis

University of Manitoba is a registered charity in United States, based in Canada. It received its IRS tax-exemption ruling in May 1969, 57 years ago. The IRS classifies it as a school under section 501(c)(3).

In the financial year ending March 2024, University of Manitoba reported income of $851.7m and spending of $782.1m, spending 92% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $725.5m to $851.7m (+17%), an average of +4.1% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, University of Manitoba 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 St Francis Hospital Inc ($846.5m), Ssm-Sluh Inc ($855.9m) and National Trust for Places of Historic Interest or Natural Beaut ($839.4m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $3.1m (0.4% of expenses). Other salaries and wages came to $376.2m. At year end it held assets of $2.42bn against liabilities of $800.0m, net assets of $1.62bn.