The National Ballet of Canada is a 3-star charity. It has a C+ results reporting score, which is below average. Its overhead costs are within Ci’s reasonable range for overhead spending and it has reserve funds to cover program costs for a year and a half. For every dollar donated, 69 cents are available for the cause.

Founded in 1951, the National Ballet of Canada (the Ballet) aims to perform the best of classical and contemporary ballet. The Ballet operates out of the Walter Carsen Centre in Toronto. In F2023, it had 74 dancers and 62 musicians. The Ballet has two programs: performances, and education and outreach. It performs three extended engagements every year in Toronto. It also tours nationally and internationally. The Ballet runs outreach programs for youth, families, and people with disabilities.

In F2023, the National Ballet of Canada spent 98% of its program spending on performances. The Ballet toured in Ottawa and New York City. In F2023, the Ballet held 90 performances for 176,873 audience members. The National Ballet of Canada also hired 23 new dancers in F2023. This introduced new talent and returned the company to full size.

The Ballet spent 2% of program spending on education and community outreach in F2023. YOU Dance provides free workshops and performances to students. It has reached over 360k students since 2007. Share the Magic provides free access to live ballet performances. In F2023, 1,699 children and families attended a free performance of The Nutcracker. Relaxed performances welcome the disability community. In F2023, 78,593 people attended 2,273 community engagement events.

Ci has consolidated the audited financial statements of the National Ballet of Canada and the National Ballet of Canada Endowment Foundation.

In F2023, the National Ballet of Canada received $14.1m in Canadian donations and special event fundraising revenue (26% of total revenue). It also received $8.9m in government funding, accounting for 16% of total revenue. Box office sales and costume and set rentals and sales accounted for $14.8m (27% of total revenue).

Administrative costs are 10% of total revenue (excluding investment income) and fundraising costs are 20% of donations. Overhead spending is 31%, which is within Ci’s reasonable range. For every dollar donated, 69 cents are available for the cause. In F2023, the National Ballet of Canada spent $31.7m (59% of total revenue) on its programs.

In F2023, the Ballet had a surplus of $15.3m and spent $466k on capital expenditures.

At the end of F2023, the Ballet has $104.2m in reserve funds, including $62.0m in donor-endowed funds. Excluding donor-endowed funds, the National Ballet of Canada’s reserve funds can cover 148% or a year and a half of its program costs. Also included in reserve funds are $92.9m in investments held by the National Ballet of Canada, Endowment Foundation. 48% of these investments are US or international equities. 

This charity report is an update that was sent for review to the National Ballet of Canada. Changes and edits may be forthcoming.

Profile created on June 5, 2024 by Thea Clark.