Carleton University
Carleton University reported $582.5 million in revenue and $569.6 million in expenses for the fiscal year ending April 30, 2026. Of every $100 it spent, $95.17 went to program services, $4.22 to management and general costs and $0.61 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 63.3% of the total. Government grants made up 25.7%. The highest compensation it reported for one person was $365,198 (President and Vice Chancellor). 916 people received more than $100,000 in reportable compensation. Revenue rose 14% between FY2020 and FY2026. Source: Form 990, FY2026.
Where $100 of spending went
The fiscal year ending April 30, 2026 · Form 990, Part IX, line 25 · total expenses $570MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending April 30, 2026 · Form 990, Part VIII · total revenue $582MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2026 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 95.2% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.2% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.6% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.02 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 28.4% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 25.7% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 63.3% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $365,198 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.06% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 916 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 21.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 25 of 32 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2026 · Form 990, Part III · the three largest programs by expenseGeneral operations, plant fund, scholarship and bursaries
Highest reported compensation
FY2026 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President and Vice Chancellor Key employee, 35 hrs/week | $327,577 | $0 | $37,621 | $365,198 |
| Dean Highest compensated employee, 35 hrs/week | $227,044 | $0 | $31,327 | $258,371 |
| Professor Highest compensated employee, 35 hrs/week | $236,337 | $0 | $18,549 | $254,886 |
| Dean of Sprott Highest compensated employee, 35 hrs/week | $223,414 | $0 | $29,779 | $253,193 |
| Professor Highest compensated employee, 35 hrs/week | $243,690 | $0 | $1,420 | $245,110 |
| Vice-President (People, Finance, and Operations) Key employee, 35 hrs/week | $199,791 | $0 | $29,122 | $228,913 |
| Professor Highest compensated employee, 35 hrs/week | $205,389 | $0 | $16,805 | $222,194 |
| Provost an Vice president (Academic) Key employee, 35 hrs/week | $203,679 | $0 | $18,442 | $222,121 |
916 people received more than $100,000 in reportable compensation from Carleton University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.0M (Part IX, line 5).
7 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2026 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b32 · 25 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13No
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aNo
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 50
- Volunteers Part I, line 6100
Largest outside contractors
FY2026 · Form 990, Part VII, Section B · businesses only| Aramark Food Services | $19,184,046 |
| OC Transpo Public transit system | $9,142,697 |
| C and W Facilities Services Maintenance | $7,978,271 |
| Risepoint Cananda Holdings Education Technology | $4,254,259 |
Individuals listed as contractors are left out. 186 contractors were paid more than $100,000 in all.
Correct a figure or respond
Every number above is copied from Carleton University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Carleton University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Carleton University spent in FY2026, $95.17 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of VictoriaCanada, · revenue $581M · programs 84.3% · FY2025
- University of Minnesota FoundationMinneapolis, MN · revenue $586M · programs 79.3% · FY2025
- Belmont UniversityNashville, TN · revenue $579M · programs 74.7% · FY2025
- University of the PacificStockton, CA · revenue $588M · programs 95.5% · FY2025
- The Trustees of the Stevens Institute of TechnologyHoboken, NJ · revenue $579M · programs 91.5% · FY2025
Questions people ask
How much of Carleton University's spending goes to programs?
In the fiscal year ending April 30, 2026, Carleton University reported that 95.2% of its $569.6 million in expenses went to program services, 4.2% to management and general and 0.6% to fundraising (Form 990, Part IX).
How much does Carleton University pay its top executive?
The largest total compensation Carleton University reported for one person in the fiscal year ending April 30, 2026 was $365,198, for the role of President and Vice Chancellor (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Carleton University get its money?
Of $582.5 million in revenue in the fiscal year ending April 30, 2026, 28.4% came from contributions and grants (including 25.7% from government grants) and 63.3% from program service revenue (Form 990, Part VIII).
Is Carleton University a registered charity?
The IRS lists EIN 23-7088831 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024, 2025. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2026: Form 990 for the fiscal year ending April 30, 2026, object 202632529349301878 · read the filing
- FY2025: Form 990 for the fiscal year ending April 30, 2025, object 202502559349300240 · read the filing
- FY2024: Form 990 for the fiscal year ending April 30, 2024, object 202412549349300321 · read the filing
- FY2023: Form 990 for the fiscal year ending April 30, 2023, object 202322509349300642 · read the filing
- FY2022: Form 990 for the fiscal year ending April 30, 2022, object 202242559349302059 · read the filing
- FY2021: Form 990 for the fiscal year ending April 30, 2021, object 202102439349300545 · read the filing
- FY2020: Form 990 for the fiscal year ending April 30, 2020, object 202042529349301104 · read the filing
All filings for EIN 23-7088831: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.