15 University Avenue
Wolfville, NS B4P 2R6
President: Peter Ricketts
Chancellor: Bruce Galloway

Charitable Reg. #:10668 1893 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 4/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 82 cents are available for programs.

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About Acadia University:

Acadia University is a 4-star charity with an average results reporting grade. Like most Universities, it is financially transparent. Excluding donor-endowed funds, the charity does not have enough funding reserves to cover any program costs. 

Founded in 1838, Acadia University (AU) is a public liberal arts university in Wolfville, Nova Scotia. Acadia’s mission is to inspire students to become critical thinkers, lifelong learners, engaged citizens, and responsible global leaders. Acadia’s two main programs are education and research. Huffington Post ranked Acadia’s campus as one of the top ten most beautiful in Canada. 

Acadia University states it has 3,574 undergraduate students and 191 graduate students. Of all first-year students, Acadia reports that 11% are international. The University states that the average class is 32 students and that it has a faculty to student ratio of 1:14. Acadia offers over 200 programs across the following faculties: arts, pure and applied science, professional studies, and theology. Outside of class, the University also has over 70 student-run clubs and organizations. 80% of the programs offer co-op work placements.

More than 60 percent of Acadia’s research is applied in nature and focused on various sectors of regional importance, including agriculture & agri-food, health, environment, cleantech and data analysis. The University’s strategic research plan outlines four theme areas of focus: community life, organizations and cultural diversity; natural and environmental resilience; human health and wellness; and innovative and enabling technologies. 

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Results and Impact

The University states that the average earning per co-op work term is $10,000 per student. It also states that 97% of Acadia graduates who completed a co-op program are working or pursuing further education.  

While Charity Intelligence highlights these key results, they may not be a complete representation of Acadia University’s results.


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Acadia University received donations of $9.5m including endowment gifts and student academic fees of $42.4m in F2021. The University also received $35.1m in government funding. Administrative costs are 9% of revenues (less investment income) and fundraising costs are 10% of total donations. AU spends 18% on overhead. This means for every dollar donated to the charity, 82 cents go towards its programs.  

Acadia University has $149.9m in gross funding reserves and $54.5m in interest-bearing debts. This means the charity has $95.3m in net funding reserves. $109.5m of gross funding reserves are donor-endowed. Net funding reserves can cover program costs for 1.3 years; however, when donor-endowed funds are removed, the charity has ($14.1m) in reserves and cannot cover any program costs.  

This charity report is an update that has been sent to Acadia University. Changes and edits may be forthcoming.  

Updated on June 27, 2022, by Emma Saganowich.  

Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 8.9%14.3%14.4%
Fundraising costs as % of donations 9.5%10.4%9.9%
Total overhead spending 18.3%24.7%24.3%
Program cost coverage (%) (20.9%)(39.2%)(57.8%)

Summary Financial Statements

All figures in $000s
Donations 9,53511,20912,938
Government funding 35,10332,18431,492
Fees for service 42,44442,12141,060
Business activities (net) 6,44212,60912,605
Investment income 4,2104,9834,109
Other income 2,2902,4262,328
Total revenues 100,024105,532104,532
Program costs 73,10276,24173,531
Administrative costs 8,51514,41414,491
Fundraising costs 9021,1611,280
Other costs 1,8741,7161,910
Total spending 84,39393,53291,212
Cash flow from operations 15,63112,00013,320
Capital spending 3,3462,5946,004
Funding reserves 95,33558,32850,775

Note: The charity does not report administrative and fundraising costs on its audited financial statements. Ci took administrative and fundraising costs from the charity’s T3010 filings and re-allocated funds from program costs. Ci recognized endowment contributions as revenues, increasing total revenue by $3.4m in F2021, $3.5m in F2020, and $3.9m in F2019. Ci is presenting net figures for ancillary sales and services. 

Salary Information

Full-time staff: 462

Avg. compensation: $110,365

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2021

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www2.acadiau.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 902 542-2201


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Charitable Registration Number: 80340 7956 RR0001