University of Guelph
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.
73%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 73 cents are available for programs.
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OVERVIEW
About University of Guelph:
University of Guelph is a 4-star charity. It has an A- results reporting grade, which is above average. Its overhead spending is within Ci’s reasonable range, and it has enough reserve funds to cover three months of its annual program costs.
University of Guelph was founded in 1964 through the union of Ontario Veterinary College, Ontario Agricultural College, and Macdonald Institute. The university now has seven colleges and three campuses. In addition to its main campus in Guelph, it has the Ridgewood Campus in southwestern Ontario. University of Guelph also collaborates with Humber College through the University of Guelph-Humber. The university has two main programs: Education and Research.
Education: University of Guelph offers classes in physical and life sciences, arts and humanities, social sciences, business, agriculture, and veterinary sciences. In the fiscal year ending April 2023 (F2023), the university had 23,857 full-time students. This included 20,921 undergraduate and 2,936 graduate students. In F2023, 95% of students were domestic and 5% were international. University of Guelph had 823 full-time faculty members from 43 countries in F2023. University of Guelph ranks first in the world and sixth in Canada for veterinary sciences (QS World University Rankings 2023).
Research: University of Guelph has 13 research centres. In F2023, it had 24 active Canada Research Chairs. In F2023, University of Guelph received $186.7m in research funding. The university reports that it ranks first amongst Canadian comprehensive universities for research intensity (Research InfoSource 2022).
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Results and Impact
In F2022, University of Guelph awarded 6,768 degrees. This included 5,673 undergraduate degrees and 1,095 graduate degrees. 89.9% of the 2021 entering cohort continued to their second year of studies. University of Guelph reports that 79.2% of the 2016 full-time, four-year undergraduate degree-seeking student cohort graduated within six years. The university reports that the graduate employment rate for the class of 2021 was 92.5% six months after graduation and 93.6% two years after graduation.
While Ci highlights these key outcomes, they may not be a complete representation of University of Guelph’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In F2023, University of Guelph received $36.7m in donations. It also received $280.4m (34% of total revenue) in government funding. The university made $457.5m (50% of total revenue) in fees for service and $102.4m (11% of total revenue) from business activities in F2023. Administrative costs are 3% of total revenue (excluding investment income) and fundraising costs are 24% of donations. Overhead spending is 27%, which is within Ci’s reasonable range. For every dollar donated, 73 cents are available for the university's programs. In F2023, University of Guelph spent $816.0m on its programs (87% of total revenue).
In F2023, University of Guelph had a surplus of $85.2m and spent $45.1m on capital expenditures.
At the end of F2023, University of Guelph had $669.7m in reserve funds (cash and investments). $445.2m of reserve funds are donor endowed. Excluding donor-endowed funds, the university has enough reserve funds to cover 28% or three months of its annual program costs.
This profile is an update that was sent to University of Guelph for review. Changes and edits may be forthcoming.
Updated on August 22nd, 2024 by Thea Clark.
Financial Review
Fiscal year ending April
|
2023 | 2022 | 2021 |
---|---|---|---|
Administrative costs as % of revenues | 2.7% | 2.7% | 2.7% |
Fundraising costs as % of donations | 23.9% | 22.4% | 27.8% |
Total overhead spending | 26.5% | 25.1% | 30.5% |
Program cost coverage (%) | 28.3% | 23.1% | 33.1% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
---|---|---|---|
Donations | 36,747 | 38,916 | 30,126 |
Government funding | 280,377 | 285,840 | 273,723 |
Fees for service | 457,535 | 417,294 | 372,018 |
Business activities (net) | 102,353 | 84,517 | 70,991 |
Investment income | 37,773 | 4,227 | 49,279 |
Other income | 35,979 | 8,337 | 53,624 |
Total revenues | 950,764 | 839,131 | 849,761 |
Program costs | 816,042 | 785,086 | 736,095 |
Administrative costs | 24,218 | 22,625 | 21,654 |
Fundraising costs | 8,769 | 8,708 | 8,374 |
Other costs | 8,892 | 9,473 | 9,997 |
Total spending | 857,921 | 825,891 | 776,120 |
Cash flow from operations | 92,843 | 13,240 | 73,641 |
Capital spending | 45,139 | 59,587 | 71,216 |
Funding reserves | 669,715 | 588,049 | 654,670 |
Note: ADMINISTRATIVE AND FUNDRAISING COSTS: The charity does not report administrative and fundraising costs in its audited financial statements. Ci used the charity’s T3010 filing with the CRA to determine administrative and fundraising costs and removed these amounts from program costs. AMORTIZATION: Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis. DEFERRED: Ci adjusted for deferred revenue, deferred contributions, and deferred capital contributions, affecting total revenue by $15.6m in F2023, ($9.1m) in F2022, and $35.8m in F2021. ENDOWMENT CONTRIBUTIONS: Ci included endowment contributions in donations, affecting total revenue by $6.0m in F2023, $6.4m in F2022, and $4.1m in F2021.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
9 |
$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
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 519-824-4120