Art Gallery of Ontario
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.
B-
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.
39%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 39 cents are available for programs.
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OVERVIEW
About Art Gallery of Ontario:
Art Gallery of Ontario (AGO) was founded in 1900 by a group of private citizens as the Art Museum of Toronto. Today, AGO is one of the largest art museums in North America, with a physical facility of 583,000 square feet. Its mission is to “bring people together with art to see, experience and understand the world in new ways.” In F2020, AGO acquired 293 new works of art, bringing its total collection to over 100,000 pieces. Two of the most notable works are Reubens' The Massacre of The Innocents and Untilled by Pierre Huyghe. Outside of general operations, AGO runs many public programs.
In F2020, AGO welcomed 844,406 visitors, one of the top ten highest years for attendance in AGO history. The gallery's collection focuses on five main areas: Indigenous and Canadian art, European art, prints and drawings, photography, and modern and contemporary art. In F2020, 144 Indigenous and Canadian works were approved for accessioning as well as three European works and 44 prints and drawings.
Through its public programming, AGO focuses on engaging people to have meaningful experiences with artwork and starting conversations. Much of the AGO’s programming focuses on educational opportunities for children/youth and families. In F2020, the AGO welcomed 23,055 onsite visits by school groups.
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Results and Impact
In F2020, Art Gallery of Ontario provided 170,149 free visits to the museum for marginalized and other social community groups.
While Ci highlights these key results, they may not be a complete representation of Art Gallery of Ontario's results and impact. This charity is not yet rated on impact (n/r).
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Finances
Charity Intelligence consolidated the operating charity with its foundation using the foundation’s audited financial statements.
Art Gallery of Ontario received cash donations of $12.3m and donated art worth $13.5m in F2020. AGO's administrative costs are 11% of total revenues (excluding investment income) and fundraising costs are 50% of donations. This results in overhead spending of 61%. For every dollar donated to the charity, 39 cents go to its programs. This is outside Ci’s reasonable range for overhead spending. AGO has funding reserves of $109.3m of which $80.0m is donor endowed. Excluding donor-endowed funds, reserves can cover program costs for around 10 months.
Like other art museums, AGO's vast collection of art is NOT included in its asset values. AGO's collection of 106,338 artworks is carried at a nominal value of $1,000. In F2020, AGO purchased 2,400 works of art at a total cost of $4.0m. Total contributions to the collection in F2020 were 7,380 works with an estimated fair value of $13.5m.
AGO reports using external fundraisers. In F2020, the charity paid $466k to raise $1.5m from external fundraisers for a cost of 31 cents per dollar raised.
Charity Intelligence has sent this update to Art Gallery of Ontario for review. Changes and edits may be forthcoming.
Updated on June 21, 2021, by Shira Wine.
Financial Review
Fiscal year ending March
|
2020 | 2019 | 2018 |
|---|---|---|---|
| Administrative costs as % of revenues | 10.5% | 17.3% | 9.2% |
| Fundraising costs as % of donations | 50.0% | 37.9% | 49.6% |
| Total overhead spending | 60.5% | 55.3% | 58.8% |
| Program cost coverage (%) | 79.7% | 123.5% | 93.6% |
Summary Financial StatementsAll figures in $000s |
2020 | 2019 | 2018 |
|---|---|---|---|
| Donations | 12,327 | 13,888 | 10,529 |
| Goods in kind | 13,544 | 4,717 | 39,364 |
| Government funding | 22,553 | 22,551 | 22,166 |
| Fees for service | 9,507 | 12,385 | 13,245 |
| Business activities (net) | (622) | 1,204 | 1,296 |
| Investment income | 7,155 | 15,242 | 908 |
| Other income | 7,912 | 8,238 | 4,434 |
| Total revenues | 72,376 | 78,225 | 91,942 |
| Program costs | 40,844 | 39,688 | 37,074 |
| Donated goods exp | 13,544 | 4,717 | 39,364 |
| Administrative costs | 6,860 | 10,916 | 8,349 |
| Fundraising costs | 6,167 | 5,268 | 5,223 |
| Other costs | 217 | 188 | 135 |
| Total spending | 67,632 | 60,777 | 90,145 |
| Cash flow from operations | 4,744 | 17,448 | 1,797 |
| Capital spending | 7,027 | 3,134 | 14,368 |
| Funding reserves | 109,329 | 113,337 | 101,469 |
Note: Ci did not recognize transfers from the foundation to the operating charity as revenues, reducing total revenue by $5.4m in F2020, $4.0m in F2019, and $2.0m in F2018. Ci did not recognize amortization of deferred capital contributions as revenue, affecting total revenue by ($9.8m) in F2020, ($9.7m) in F2019, and ($9.2m) in F2018. Ci reported business activities as net of expenses, decreasing revenues and expenses by $13.1m in F2020, $14.7m in F2019, and $15.1m in F2018. Ci reported proceeds from the sale of deaccessioned art as other revenue, increasing revenue by $3.1m in F2020, $4k in F2019, and $241k in F2018. Ci did not adjust for deferred contributions as it was unable to distinguish whether the revenue was from donors or the government.
Salary Information
$350k + |
1 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
5 |
$160k - $200k |
3 |
$120k - $160k |
0 |
$80k - $120k |
0 |
$40k - $80k |
0 |
< $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
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