Calgary Philharmonic Orchestra
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.
D+
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.
77%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 77 cents are available for programs.
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OVERVIEW
About Calgary Philharmonic Orchestra:
Calgary Philharmonic Orchestra is a 2-star charity. It has a low results reporting grade and large funding reserves. Before you give, read Charity Intelligence’s report.
Calgary Philharmonic Orchestra (CPO) was founded in 1955 after the Alberta Philharmonic and Calgary Symphony merged. It has since grown to become one of Canada’s largest live music ensembles. Outside of general performances, CPO runs a community outreach and educational programs.
CPO reports that it welcomes over 100,000 visitors a year to its concert hall. In 2017, CPO launched its live stream to broadcast its concerts to audiences around the world. Due to covid-19 restrictions, CPO shifted its programming online during F2021. From April 2020 to June 2021, CPO had 26,912 digital concert views. CPO's orchestra has 66 musicians and its chorus has approximately 110 musicians.
CPO hosted two virtual education concerts that reached 52 schools and 4,210 students in F2021. CPO also created An Orchestra Adventure, a four-part educational video series that was viewed 60,083 times in F2021. PhilKids, CPO's after-school music program, had 73 kids across 4 schools in F2021. PhilKids delivers music lessons and more to children who otherwise would not have access. The orchestra also supports children by offering two awards and scholarships to develop musical talents.
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Results and Impact
CPO's virtual programming reached 63 countries in F2021. CPO also notes that in F2021, it had 9,510 new audience members for virtual concerts. CPO reports that its community and educational programs bring music to more than 20,000 Albertans a year.
While Ci highlights these key results, they may not be a complete representation of Calgary Philharmonic Orchestra's results and impact.
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Finances
Calgary Philharmonic Orchestra received $3.6m in donations (including special event revenue) in F2021. The charity also collected $6k in ticket sales and sales of other services, down 100% from $4.2m in F2019 due to covid-19 limitations. In F2021, fundraising costs were 15% of donations and administrative costs were 9% of total revenues. For every dollar donated to the charity, 77 cents go to the cause. This is within Ci’s reasonable range for overhead spending. CPO’s funding reserves are $47m, of which $23m are donor-endowed. Excluding donor-endowed funds, funding reserves can cover program costs at the F2021 level for four years.
This charity report is an update that has been sent to Calgary Philharmonic Orchestra for review. Changes and edits may be forthcoming.
Updated June 13th, 2022 by Emily Downing.
Financial Review
Fiscal year ending June
|
2021 | 2020 | 2019 |
|---|---|---|---|
| Administrative costs as % of revenues | 8.5% | 6.5% | 10.4% |
| Fundraising costs as % of donations | 14.7% | 12.7% | 18.2% |
| Total overhead spending | 23.2% | 19.2% | 28.6% |
| Program cost coverage (%) | 400.6% | 182.7% | 159.8% |
Summary Financial StatementsAll figures in $000s |
2021 | 2020 | 2019 |
|---|---|---|---|
| Donations | 3,598 | 4,461 | 4,321 |
| Goods in kind | 5 | 473 | 842 |
| Government funding | 6,837 | 3,780 | 3,928 |
| Fees for service | 6 | 2,899 | 4,208 |
| Investment income | 2,762 | 3,713 | 1,254 |
| Other income | (73) | 14 | 5 |
| Total revenues | 13,136 | 15,340 | 14,558 |
| Program costs | 7,152 | 10,634 | 11,740 |
| Grants | 0 | 31 | 0 |
| Administrative costs | 884 | 752 | 1,385 |
| Fundraising costs | 528 | 568 | 788 |
| Total spending | 8,564 | 11,985 | 13,913 |
| Cash flow from operations | 4,572 | 3,355 | 644 |
| Capital spending | 53 | 31 | 21 |
| Funding reserves | 47,151 | 39,303 | 37,615 |
Note: Charity Intelligence has consolidated the audited financial statements of Calgary Philharmonic Society and Calgary Philharmonic Foundation. Ci has taken all expense breakdowns from the CRA’s T3010 forms. Ci included gains (losses) on foreign exchange and change in cash surrender value of life insurance policies in other revenue, affecting total revenues by ($72k) in F2021, $14k in F2020, an $5k in F2019. Ci removed the value of donated goods and services from Canadian donations, affecting Canadian donations by ($4k) in F2021, ($473k) in F2020, and ($842k) in F2019. Ci removed government funding from Canadian donations, affecting Canadian donations by ($0) in F2021, ($109k) in F2020, and ($2.7m) in F2019. Ci backed out amortization costs from Canadian program costs, administrative costs, and fundraising costs on a pro-rata basis.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
0 |
$160k - $200k |
1 |
$120k - $160k |
1 |
$80k - $120k |
4 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2021
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Comments & Contact
Comments added by the Charity:
Charity Contact
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