Vancouver Opera Association
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
C
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.
71%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 71 cents are available for programs.
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OVERVIEW
About Vancouver Opera Association:
Founded in 1958, Vancouver Opera Association (VOA) is the second largest opera company in Canada. It produces mainstage opera productions and runs education programs to engage, inspire and entertain the community through music, voice and theatre.
Mainstage Productions: This program accounted for 95% of VOA's program spending in F2020. Every year, VOA presents multiple musical and artistic productions of both traditional and innovative styles. VOA ran three major productions during the year: La Traviata, The Barber of Seville, and The Fight of the Hummingbird, with another production cancelled due to covid-19 (Another Brick in the Wall: The Opera). In total, VOA ran eight main stage performances in F2020 that had over 16,000 audience members in attendance.
Education and Community Outreach: VOA spent 5% of program expenditure on this program in F2020. Through programs for elementary and secondary schools, mentorship programs, and its Young Artists program, VOA strives to introduce the power and beauty of opera to school children and the broader community. In F2020, VOA had over 17,000 participants in its learning and education programs. It also toured its production, Flight of the Hummingbird, to 63 schools around Vancouver and on Vancouver Island.
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Results and Impact
Charity Intelligence did not find any quantified outcomes for Vancouver Opera Association. Charity Intelligence has not assessed impact on Vancouver Opera Association. This shows as n/r, meaning not rated.
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Finances
The following financial analysis represents the consolidated financial standing of Vancouver Opera Association, Vancouver Opera Foundation, and Vancouver Opera Endowment Trust. Fund transfers between the charities (grants to VOA from VOF and the Endowment Trust) have been excluded from revenues and expenses.
Vancouver Opera Association had total donations of $2.8m in F2020. It also received $1.8m in government funding, and $1.6m in fees for service. Administrative costs are 13% of revenues and fundraising costs are 16% of donations. Per dollar donated to the charity, 71 cents goes towards its programs and productions, which is within Ci’s reasonable range for overhead spending.
VOA, VOF and VO Endowment Fund hold funding reserves of $15.2m, of which $13.0m is donor-endowed. Excluding endowed funds, reserves can cover just over six months of VOA’s annual program costs.
This charity report is an update that is currently being reviewed by Vancouver Opera Association. Comments and edits may be forthcoming.
Updated on August 18, 2021 by Rachel Leteta.
Financial Review
Fiscal year ending June
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Administrative costs as % of revenues | 13.4% | 9.4% | 12.2% |
| Fundraising costs as % of donations | 15.9% | 13.4% | 22.4% |
| Total overhead spending | 29.3% | 22.7% | 34.6% |
| Program cost coverage (%) | 55.4% | 8.0% | 32.8% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 2,763 | 4,056 | 2,476 |
| Goods in kind | 163 | 338 | 243 |
| Government funding | 1,794 | 1,752 | 1,691 |
| Fees for service | 1,635 | 2,456 | 2,227 |
| Lotteries (net) | 184 | 327 | 347 |
| Investment income | 212 | 668 | 607 |
| Other income | 133 | 82 | 117 |
| Total revenues | 6,885 | 9,679 | 7,706 |
| Program costs | 4,591 | 6,766 | 7,116 |
| Grants | (3) | 16 | 8 |
| Administrative costs | 893 | 843 | 864 |
| Fundraising costs | 440 | 542 | 555 |
| Other costs | 1 | 7 | 1,522 |
| Total spending | 5,923 | 8,173 | 10,065 |
| Cash flow from operations | 962 | 1,506 | (2,358) |
| Capital spending | 24 | 14 | 14 |
| Funding reserves | 15,151 | 13,025 | 13,805 |
Note: Ci reported VOA’s lotteries and special events revenue net of direct expenses in lotteries, decreasing total revenues and expenses by $408k in F2020, $669k in F2019 and $501k in F2018. Ci backed out gifts in kind from donations and included the amounts in donated goods in kind. Ci reported external contributions to endowment funds of $166k in F2020, $100k in F2019 and $201k in F2018 in donations, increasing revenues accordingly. Ci backed out amounts VOA received from VOF from donations, which totalled $200k in F2020, $503k in F2019 and $500k in F2018. Ci reported VOF’s fundraising and grants in donations. Changes in fair value of investments and investment management fees were reported in investment income. Ci did not report disbursements VOF made to VOA, decreasing expenses accordingly. Ci reported VO Endowment Trust revenues in investment income and expenses in other costs.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
0 |
$120k - $160k |
2 |
$80k - $120k |
2 |
$40k - $80k |
5 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2020
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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: 604 682 2871