107 Tunnel Mountain Drive
Banff, AB T1L 1H5
President and CEO: Chris Lorway
Board Chair: Adam R. Waterous

Charitable Reg. #:11921 4955 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]



Audited financial statements for current and previous years available on the charity’s website.



Grade based on the charity's public reporting of the work it does and the results it achieves.



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 76 cents are available for programs.

My anchor


About Banff Centre:

Banff Centre is a 2-star charity. It is financially transparent and has reasonable overhead costs but has a below-average results reporting grade.

Founded in 1933, Banff Centre works to inspire people and unleash their creative potential. The charity aspires to become the global leader in arts, culture, and creativity. Banff Centre runs programs that develop artists and leaders with the goal of creating works and ideas that are shared globally. The charity’s main programs focus on arts and leadership. Through its programs, Banff Centre hopes to connect individuals who share the same commitment to creating positive change in the arts community. Banff Centre's Arts programs cover the performing, visual, Indigenous, and literacy arts.  

In F2022, Banff Centre held 27 arts training programs, of which 12 were online and 15 were in person. Some of these programs include Evolution: Classical, a two-week artist development program for instrumentalists and vocalists. It also ran the Indigenous Haute Couture Fashion Residency, a three-week residency that helped Indigenous textile-based artists develop their design and pattern development skills.

Banff Centre also ran nine online Indigenous leadership programs in F2022. These programs teach leaders how to establish a strategic direction for their communities and organizations, implement that plan through focused effort, and measure performance. 

Across its programs, Banff Centre had 11,949 participant days in F2022, up 152% from the year prior.

My anchor

Results and Impact

Charity Intelligence could not find any publicly available quantifiable outcomes for Banff Centre.

This charity is not yet rated on impact (n/r).


My anchor


In F2022, the Banff Centre received $14.5m in donations. Administrative costs are 13% of revenues (excluding investment income), and fundraising costs are 11% of donations. This results in total overhead spending of 24%. For every dollar donated to the charity, 76 cents go to the cause. This is within Ci’s reasonable range for overhead spending.

The Banff Centre has $63.3m of reserve funds, of which $45.9m are donor endowed. Excluding donor-endowed funds, the charity could cover around nine months of its program costs with its reserves.

This charity report is an update that has been sent to Banff Centre. Changes and edits may be forthcoming.

Updated on August 9, 2023 by Krystie Nguyen.


Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 12.7%12.5%7.8%
Fundraising costs as % of donations 10.8%11.4%22.4%
Total overhead spending 23.6%23.9%30.2%
Program cost coverage (%) 72.1%90.7%18.1%

Summary Financial Statements

All figures in $000s
Donations 8,0027,11010,126
Government funding 20,35121,78422,966
Fees for service 9542392,827
Business activities (net) 3,7852,18130,987
Investment income 3,3922,7293,275
Other income (380)776(1,563)
Total revenues 36,10434,81968,618
Program costs 26,42624,16758,158
Administrative costs 4,1604,0135,090
Fundraising costs 8678092,265
Total spending 31,45328,98965,512
Cash flow from operations 4,6515,8303,106
Capital spending 5,3238,8344,608
Funding reserves 63,26664,97953,617

Note: Ci reconciled audited financials with the charity’s T3010 filing to allocate program, admin, and fundraising costs. Ci removed amortization pro-rata from program, admin, and fundraising costs. Ci recognized endowment contributions and transfers as revenue. Ci adjusted for deferred capital contributions and deferred contributions and grants and included these amounts in Other income, affecting total revenues by ($380k) in F2022, $776k in F2021, and ($1.6m) in F2020.

Salary Information

Full-time staff: 297

Avg. compensation: $55,275

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2022

My anchor

Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.banffcentre.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 403-762-6100


Charity Intelligence researches Canadian charities for donors to be informed and give intelligently. Our website posts free reports on more than 800 Canadian charities, as well as in-depth primers on philanthropic sectors like Canada’s environment, cancer, and homelessness. Today over 500,000 Canadians use our website as a go-to source for information on Canadian charities reading over 1.6 million charity reports. Through rigorous and independent research, Charity Intelligence aims to assist Canada’s dynamic charitable sector in being more transparent, accountable and focused on results.


Be Informed. Give Intelligently. Have Impact


Charitable Registration Number: 80340 7956 RR0001