Toronto Metropolitan University
Toronto Metropolitan University reported $785.1 million in revenue and $770.4 million in expenses for the fiscal year ending April 30, 2025. Of every $100 it spent, $94.50 went to program services, $4.83 to management and general costs and $0.67 to fundraising. Its largest source of revenue was contributions and grants: 49.3% of the total. Government grants made up 46.6%. The highest compensation it reported for one person was $318,993 (President). 1,019 people received more than $100,000 in reportable compensation. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending April 30, 2025 · Form 990, Part IX, line 25 · total expenses $770MFor 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, 2025 · Form 990, Part VIII · total revenue $785MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 94.5% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 4.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.01 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 49.3% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 46.6% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 43.7% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $318,993 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.04% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 1,019 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 13.8 | 13.3 |
| Independent voting board members Part VI 1a–1b | 11 of 29 | 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
FY2025 · Form 990, Part III · the three largest programs by expenseToronto Metropolitan University (TMU) is a leading institution of innovation and entrepreneurship that responds to societal needs through high-quality, professional, and career-related bachelor, master's, and doctoral programs, and relevant scholarly, research, and creative activities. In 2024-25, it awarded 8,111 bachelor's degrees, 156 law degrees, 1,121 master's degrees, 91 professional master's diplomas, and 93 doctoral degrees. Overall student enrolment in the 2024-25 academic year was 47,310 (41,558 FTE) and the university achieved over CAD$131.4 million in research funding
Highest reported compensation
FY2025 · 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 Former, 36.25 hrs/week | $318,993 | $0 | $0 | $318,993 |
| Dean, S of Med and VP Med Aff Officer, 36.25 hrs/week | $272,662 | $0 | $0 | $272,662 |
| Provost & VP, Acad Officer, 36.25 hrs/week | $266,922 | $0 | $0 | $266,922 |
| V.P., UA and Alumni Relations Officer, 36.25 hrs/week | $251,674 | $0 | $0 | $251,674 |
| Dean, Faculty of Law Highest compensated employee, 36.25 hrs/week | $250,564 | $0 | $0 | $250,564 |
| VP., Research and Innovation Officer, 36.25 hrs/week | $227,228 | $0 | $0 | $227,228 |
| VP-Admin & Operat. Officer, 36.25 hrs/week | $223,870 | $0 | $0 | $223,870 |
| VP -Equity&Comm Incls Officer, 36.25 hrs/week | $214,542 | $0 | $0 | $214,542 |
1,019 people received more than $100,000 in reportable compensation from Toronto Metropolitan University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.4M (Part IX, line 5).
3 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · 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–1b29 · 11 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- 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 6270
Correct a figure or respond
Every number above is copied from Toronto Metropolitan 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 Toronto Metropolitan University, you can publish a response that is linked from this page.
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Of every $100 Toronto Metropolitan University spent in FY2025, $94.50 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- University of Virginia Investment Management CompanyCharlottesville, VA · revenue $781M · programs 80.2% · FY2025
- Educational Testing ServicePrinceton, NJ · revenue $792M · programs 84.1% · FY2025
- Loyola Marymount UniversityLos Angeles, CA · revenue $779M · programs 83.3% · FY2025
- NYC School Support ServicesNew York, NY · revenue $807M · programs 99.6% · FY2025
- Amherst College TrusteesAmherst, MA · revenue $776M · programs 77.1% · FY2025
Questions people ask
How much of Toronto Metropolitan University's spending goes to programs?
In the fiscal year ending April 30, 2025, Toronto Metropolitan University reported that 94.5% of its $770.4 million in expenses went to program services, 4.8% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Toronto Metropolitan University pay its top executive?
The largest total compensation Toronto Metropolitan University reported for one person in the fiscal year ending April 30, 2025 was $318,993, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Toronto Metropolitan University get its money?
Of $785.1 million in revenue in the fiscal year ending April 30, 2025, 49.3% came from contributions and grants (including 46.6% from government grants) and 43.7% from program service revenue (Form 990, Part VIII).
Is Toronto Metropolitan University a registered charity?
The IRS lists EIN 98-1651870 as a 501(c)(3) organization (school). Form 990 filings on record here cover tax years 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending April 30, 2025, object 202610719349300036 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending April 30, 2024, object 202500219349300505 · read the filing
- FY2023: Form 990 for the fiscal year ending April 30, 2023, object 202440749349301139 · read the filing
All filings for EIN 98-1651870: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.