National Ballet of Canada
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
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.
72%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 72 cents are available for programs.
My anchor
OVERVIEW
About National Ballet of Canada:
National Ballet of Canada is a 2-star charity. It follows best practices for financial transparency and has reasonable overhead costs. However, it has non-endowed funding reserves of $52.2m that can cover its program costs for nearly 4 years. Before you give, read Charity Intelligence's report.
National Ballet of Canada (National Ballet) was founded in 1951, with offices currently in Toronto, Ontario. National Ballet performs classical and contemporary ballet for the Canadian public. It seeks to show artistic excellence by attracting and developing dancers and musicians of the highest caliber. Moreover, it aims to be a national symbol of Canada’s cultural heritage. National Ballet performs three extended engagements in Toronto and does national/international tours.
National Ballet of Canada highlights its commitment to community outreach. It puts on a range of programs to provide families and youth, who would otherwise be unable, the opportunity to experience the ballet. The main program is YOU dance, which provides free workshops and performances to students in grades four to six. In F2021, YOU dance delivered virtual visits and workshops to 7,705 students.
During F2021, the National Ballet performed virtually due to covid-19. Its Expansive Dances performance had 146,033 views. Its Spotlight Series that included Commissioned Dance Films and Short Programmes had 1,004,245 views in F2021. In partnership with Cineplex, National Ballet delivered a special presentation of The Nutcracker available online and in select theatres. The performance downloaded 8,408 times. National Ballet also offered 1,600 families free access to the performance.
My anchor
Results and Impact
Charity Intelligence did not find any quantified outcomes on National Ballet of Canada’s website. This may not be a complete representation of National Ballet of Canada’s results and impact.
My anchor
Finances
National Ballet of Canada received $11.7m in Canadian donations in F2021. It also received $11.0m in government revenue, which made up 24% of its total revenues. Its box office sales totaled $173k, down 99% since F2019 due to the affects of covid-19. National Ballet’s administrative costs are 14% of revenues (excluding investment income) and its fundraising costs are 15% of donations. For every dollar donated to the charity, 72 cents go to the cause. This is within Ci’s reasonable range for overhead spending.
National Ballet of Canada has $107.6m in funding reserves, of which $55.4m are externally-endowed. Excluding externally-endowed funds, National Ballet can cover its program costs for almost 4 years at the F2021 level with its funding reserves. Included in funding reserves are $90.0m in investments held by The National Ballet of Canada, Endowment Foundation. 45% of these investments are US or international equities.
This charity report is an update that has been sent to National Ballet of Canada for review. Changes and edits may be forthcoming.
Updated June 16, 2022 by Emily Downing
Financial Review
Fiscal year ending June
|
2021 | 2020 | 2019 |
---|---|---|---|
Administrative costs as % of revenues | 13.7% | 11.3% | 9.6% |
Fundraising costs as % of donations | 14.8% | 19.6% | 18.0% |
Total overhead spending | 28.4% | 30.9% | 27.6% |
Program cost coverage (%) | 379.8% | 131.2% | 151.0% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
---|---|---|---|
Donations | 11,725 | 13,058 | 15,463 |
International donations | 0 | 133 | 0 |
Government funding | 11,005 | 9,211 | 6,998 |
Fees for service | 173 | 9,409 | 13,540 |
Special events | 0 | 106 | 1,238 |
Investment income | 21,126 | (2,786) | 4,121 |
Other income | 1,415 | 1,799 | 878 |
Total revenues | 45,444 | 30,930 | 42,238 |
Program costs | 16,521 | 26,440 | 28,618 |
Administrative costs | 3,320 | 3,805 | 3,651 |
Fundraising costs | 1,730 | 2,585 | 3,002 |
Other costs | 200 | 215 | 221 |
Total spending | 21,772 | 33,045 | 35,493 |
Cash flow from operations | 23,672 | (2,115) | 6,745 |
Capital spending | 162 | 923 | 222 |
Funding reserves | 107,642 | 82,491 | 89,093 |
Note: Ci has consolidated the audited financial statements of The National Ballet of Canada and The National Ballet of Canada, Endowment Foundation in its financial analysis. Ci has used the aggregate contributions to the Endowment Fund for the F2021 donor-endowed funds as the charity did not report the donor-endowed funds for F2021 in its audited financial statements. Ci did not include transfers between the operating charity and the foundation in revenues and expenses, $2.7m in F2021, $3.7m in F2020, and $3.8 in F2019. Ci backed amortization out of program, administrative, and fundraising costs on a pro-rata basis. Ci reported donations from American Friends of National Ballet of Canada as international donations. Ci removed special events revenue from Canadian Donations and reported it as special events revenue.
Salary Information
$350k + |
1 |
$300k - $350k |
1 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
2 |
$120k - $160k |
5 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
My anchor
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: 416 345 9686