883020596RR0001 — 0010
Registered — Slave lake, AB — Charitable Organization
Scores: Legitimacy 100/100 · Effectiveness 83/100
Financials: Revenue $44,519,272 · Expenditures $42,808,673
Northern Lakes College is a $44.5-million public post-secondary institution headquartered in Slave Lake, Alberta, serving northern and Indigenous communities across a vast geographic territory. While the 53.6% program-spending ratio triggers flags, this reflects T3010 classification norms for colleges — the peer median is 66.1% and the 25th percentile is just 8.1%. With 12.3 months of reserves and strong governance, this is a well-capitalized educational institution.
Our Verdict: A northern Alberta public college with strong reserves and stable operations. The program-spending ratio looks middling at 53.6% but falls above the peer 25th percentile for comparable institutions, where classification norms differ from typical charities. Donors and supporters can be confident in a well-governed institution with a 26-year track record of serving remote and Indigenous communities.