Dalhousie University
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
A-
RESULTS REPORTING
Grade based on the charity's public reporting of the work it does and the results it achieves.
n/r
DEMONSTRATED IMPACT
The demonstrated impact per dollar Ci calculates from available program information.
NEED FOR FUNDING
Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.
95%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 95 cents are available for programs.
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OVERVIEW
About Dalhousie University:
Dalhousie University is a 3-star charity. As with most large universities, the charity has an above average results reporting grade and is financially transparent. It has reasonable overhead costs.
Founded in 1818, Dalhousie University is a public university in Halifax, Nova Scotia. Dalhousie has 13 faculties and offers over 4,000 courses and more than 200 different degree programs. Dalhousie’s main charitable programs are education and research. It did not disclose a spending breakdown of its programs on its website.
In December of 2023, Dalhousie had 21,088 enrolled students. This included 16,124 undergraduate students and 4,964 graduate students. Dalhousie reports that 21% of its students are international students. The university reports that it facilitated 2,807 work terms for its students, as well as 1,792 work integrated learning and co-op opportunities.
Currenlty, Dalhousie is home to 56 research chairs. In F2024, it reports that there are 3,014 active research files. Dalhousie states that in F2024 it had 22 publications per million dollars in research funding, and that 50% of its publications were with international co-authors.
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Results and Impact
In F2024, Dalhousie University had a 68% six-year graduation rate for its undergraduate students, and 86% five-year graduation rate for graduate students. In F2024, it also had an 88% employment rate for undergraduate students, and an 88% employment rate for graduate students.
Dalhousie states that 6,325 policy documents cite Dalhousie publications.
While Ci highlights these key results, they may not be a complete representation of Dalhousie University’s results and impact. This charity is not yet rated on impact (n/r).
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Finances
Dalhousie University is a Major 100 charity, one of Canada’s largest charities in terms of donations. In F2024 it received $80.1m in donations. Dalhousie also received $406.2m in government funding (37% of total revenue) and $305.3m in fees for service (28% of total revenue). Administrative costs are 5% of total revenue excluding investment income and the charity does not report fundraising costs in F2024. This results in total overhead spending of 5%. For every dollar donated to the charity, 95 cents are available for programs. This is within Ci’s reasonable range for overhead spending.
In F2024, Dalhousie spent $796.0m on its programs, which is 73% of total revenues. The charity had a surplus of $243.1m (22% of revenues) and $75.9m in capital expenditures (7%).
Dalhousie has $1.4 billion in net funding reserves, which includes $1.6 billion in liquid assets less $150.1m in interest-bearing debts. Its net funding reserves include $688.7m in donor-endowed funds. Dalhousie’s net funding reserves, excluding donor-endowed funds, can cover annual program costs for around 11 months.
Charity Intelligence has sent this profile update to Dalhousie University for review. Changes and edits may be forthcoming.
Updated on August 9, 2024 by Alessandra Castino.
Financial Review
Fiscal year ending March
|
2024 | 2023 | 2022 |
---|---|---|---|
Administrative costs as % of revenues | 5.1% | 5.2% | 5.4% |
Fundraising costs as % of donations | 0.0% | 2.8% | 5.3% |
Total overhead spending | 5.1% | 8.0% | 10.7% |
Program cost coverage (%) | 95.7% | 91.6% | 96.6% |
Summary Financial StatementsAll figures in $000s |
2024 | 2023 | 2022 |
---|---|---|---|
Donations | 80,128 | 144,944 | 69,848 |
Government funding | 406,243 | 389,875 | 365,972 |
Fees for service | 305,264 | 297,323 | 293,349 |
Business activities (net) | 47,328 | 42,756 | 26,991 |
Investment income | 163,779 | 77,339 | 111,855 |
Other income | 83,418 | 58,915 | 75,635 |
Total revenues | 1,086,160 | 1,011,152 | 943,650 |
Program costs - International | 0 | 3,857 | 3,842 |
Program costs - Canada | 795,982 | 725,436 | 654,560 |
Administrative costs | 47,120 | 48,560 | 44,586 |
Fundraising costs | 0 | 4,092 | 3,726 |
Total spending | 843,102 | 781,945 | 706,714 |
Cash flow from operations | 243,058 | 229,207 | 236,936 |
Capital spending | 75,883 | 62,863 | 67,191 |
Funding reserves | 1,417,720 | 1,301,349 | 1,188,794 |
Note: ENDOWMENT: Ci reports direct endowment contributions as donations, affecting revenues by $11.8m in F2024, $78.8m in F2023, and $6.3m in F2024. Realized investment gains related to the endowment fund are included within investment income affecting revenues by $53.2m in F2024, $38.6m in F2023, and $57.6m in F2022. DEFERRED REVENUES: Ci adjusted for deferred revenues, affecting total revenues by $68.6m in F2024, ($7.7m) in F2023, and $59.5m in F2022. DEFERRED CAPITAL CONTRIBUTIONS: Ci removed amortization of deferred capital contributions from revenue and added received capital contributions to revenue. This affected total revenue by $7.8m in F2024, $4.0m in F2023, and $4.4m in F2022. BUSINESS ACTIVITIES: Ci reported business activity revenue net of expenses, affecting both revenues and expenses by $4.2m in F2024, $4.2m in F2023, and $3.7m in F2022. ACTIVITY-BASED COSTING: In F2023 and F2022 Ci reported administrative and fundraising costs from the charity’s T3010 filing with the CRA. At the time of this update, the F2024 T3010 filing is not available, and Ci cannot report fundraising costs based on the charity’s audited financial statement. As such the F2024 figures are not comparable with previous years.
Salary Information
$350k + |
3 |
$300k - $350k |
6 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
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