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University of Ontario Institute of Technology

EIN 98-1263645 · Canada

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceStrong90 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE UNIVERSITY IS A MARKET-ORIENTED UNIVERSITY INTEGRATING INQUIRY, DISCOVERY, AND APPLICATION THROUGH EXCELLENCE IN TEACHING, LEARNING, AND VALUE-ADDED RESEARCH. THE UNIVERSITY IS A DEGREE-GRANTING AND RESEARCH ORGANIZATION OFFERING GRADUATE AND UNDERGRADUATE EDUCATION.

Income
$197.8 million
Spending
$192.1 million
Spent on programs
89%
Reserves
-10.8 months of spending
Largest source of income
fees for its services, 50%
Employees
2,665
Volunteers
285
Highest pay
$281,574, president & vice chancellor

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 22% of charities in its peer group (education, over $100m).

  • Reserves

    0 of 35

    Spendable reserves are negative: it owes or has committed more than it holds.

  • Debt

    5 of 20

    It owes 74% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 3% of income.

  • Income trend

    15 of 15

    Income rose 4% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 90 out of 100. Higher than 14% of charities in its peer group (education, over $100m).

  • Independent board

    25 of 25

    16 of 20 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $158.6 million spent. EDUCATION: THE UNIVERSITY WAS INCORPORATED WITHOUT SHARE CAPITAL UNDER THE UNIVERSITY OF ONTARIO INSTITUTE OF TECHNOLOGY ACT, WHICH RECEIVED ROYAL ASSENT ON JUNE 27, 2002. ITS PRIMARY MISSION IS TO DEVELOP RESEARCH AND OFFER GRADUATE AND UNDERGRADUATE EDUCATION. THERE ARE 7 FACULTIES SINCE INCEPTION OF THE UNIVERSITY NAMELY FACULTY OF BUSINESS AND INFORMATION TECHNOLOGY, FACULTY OF EDUCATION, FACULTY OF ENERGY SYSTEMS AND NUCLEAR SCIENCE, FACULTY OF ENGINEERING AND APPLIED SCIENCE, FACULTY OF SCIENCE, FACULTY OF HEALTH SCIENCES, AND FACULTY OF SOCIAL SCIENCE AND HUMANITIES. THE TOTAL STUDENT HEADCOUNT IN THE FISCAL YEAR ENDING MARCH 31, 2025 IS 12,451 (OR 11,269 FTE). THE LARGEST FACULTY IS THE FACULTY OF ENGINEERING AND APPLIED SCIENCE.
  2. $8.6 million spent. RESEARCH: TECHNOLOGY-DRIVEN RESEARCH PLAYS A KEY ROLE ON CAMPUS. ONTARIO TECH IS COMMITTED TO RECRUITING RESEARCHERS WHO ARE SMART AND FOCUSED, HELPING TO SOLIDIFY ITS REPUTATION FOR CONDUCTING RESEARCH THAT LEADS TO TRANSFORMATIVE CULTURAL, ECONOMIC, AND SCIENTIFIC CHANGES WORLDWIDE. THIS SPIRIT, COMBINED WITH AN UNWAVERING DEDICATION TO INNOVATION AND SCHOLARSHIP, CONTINUES TO PROPEL THE UNIVERSITY'S RESEARCH AGENDA FORWARD.
  3. $3.7 million spent. AUTOMOTIVE CENTRE OF EXCELLENCE: THE AUTOMOTIVE CENTRE OF EXCELLENCE (ACE) IS THE FIRST CLIMATIC TESTING AND RESEARCH CENTRE OF ITS KIND IN CANADA. THIS INTEGRATED RESEARCH AND TRAINING FACILITY SPANS FIVE FLOORS WITH DEDICATED SPACE FOR RESEARCH, EDUCATION, AND TRAINING. THIS FACILITY IS FOSTERING AN ENVIRONMENT FOR COLLABORATION BETWEEN INDUSTRY, RESEARCHERS, AND STUDENTS THAT DRIVES INNOVATIVE AUTOMOTIVE RESEARCH AND ENGINEERING. THE UNIVERSITY OFFERS UNIQUE RESEARCH PROGRAMS THAT ARE FINDING NEW SOLUTIONS TO AUTOMOTIVE PROBLEMS AND EDUCATING FUTURE ENGINEERS TO ADVANCE THE FRONTIERS OF RESEARCH AND TRANSFORM THE AUTOMOTIVE INDUSTRY.

Source: Form 990 for the year ending March 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending March 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2016.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

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