Vancouver Art Gallery

750 Hornby St
Vancouver, BC V6Z 2H7
Executive Director: Anthony Kiendl
Board Chair: David Calabrigo

Charitable Reg. #:11926 0958 RR0001

STAR RATING

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

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✔+

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.

48%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 48 cents are available for programs.



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Programs

About Vancouver Art Gallery :

Founded in 1931, Vancouver Art Gallery Association (Vancouver Art Gallery) offers innovative visual art exhibitions and extensive public programs. It places a focus on the historical and contemporary art of British Columbia. The Gallery founded the Institute of Asian art in 2014, which helps the charity pay special attention to First Nations artists and art from the Asia Pacific region. 

In F2019, Vancouver Art Gallery spent 37% of program costs on exhibitions. The charity showcased 308 artists from around the world, and 13 historical and contemporary exhibitions were presented at the gallery. In F2019, 365,112 visitors attended exhibitions at the Gallery, and 27,753 people supported the Gallery as members. 

In F2019, Vancouver Art Gallery spent 32% of program costs on curation and programs. The charity engaged 59,606 visitors in 1,553 activities and events in F2019, including 16,395 Family Program attendees, 19,991 School Program attendees, and 23,220 Adult Program attendees. Some of the charity's activities and events included 93 private guided tours and 27 complimentary community group visits.

In F2019, Vancouver Art Gallery spent 28% of program costs on museum services. The charity's conservation department conserved and preserved 112 artworks in 2019. The charity also enlarged its social media presence: 307,139 people followed the Gallery via Facebook, Instagram, or Twitter in F2019. 

In F2019, Vancouver Art Gallery spent the remaining 3% of program costs on art acquisitions. It acquired 196 artworks for the Gallery's collection through purchases and donations, bringing the total number of artworks to 12,167. 

Vancouver Art Gallery is currently undergoing a capital campaign to build a new art gallery to accommodate the charity's growth over the past decade. The new building will have publicly accessible community spaces, a 350-feet theatre, approximately 25 permanent collection galleries, and more. It will also increase the Gallery's ability to provide education programs by 400%, enabling the Gallery to serve 90,000 children from across the province each year. The goal of the campaign is to raise $330m plus $50m in endowment contributions, and the campaign has currently secured $135m in total private and public sector funding. 

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Results and Impact

Ci could not find any publicly-available quantifiable results for Vancouver Art Gallery.

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Finances

Vancouver Art Gallery is a Medium-sized charity, receiving $3.7m in donations and special events revenue in F2019. The charity received $13.8m in government funding in F2019, representing 56% of total revenues. The charity also earned $4.6m in admissions and membership fees, representing 18% of total revenues. Vancouver Art Gallery earned a net profit of $1.3m off of its rental and retail operations.

Administrative costs are 8% of revenues (excluding investment income) and fundraising costs are 43.6% of donations. This means overhead costs are 52%. For every dollar donated to the charity, 48 cents go to the cause. This is outside of Ci's reasonable range for overhead spending. 

Vancouver Art Gallery has funding reserves of $48.9m, of which $11.9m is donor-endowed. Excluding donor-endowed funds, the charity can cover 3.8 years of annual program costs using existing funding reserves. 

Vancouver Art Gallery's T3010 CRA filing reports paying external fundraisers $223k in F2019. It neglects to report how much these fundraisers earned on behalf of the charity. 

This charity report is an update that has been sent to Vancouver Art Gallery for review. Changes and edits may be forthcoming.

Updated on July 24, 2020 by Eric Jose.

Financial Review


Financial Ratios

Fiscal year ending September
201920182017
Administrative costs as % of revenues 8.2%11.1%12.0%
Fundraising costs as % of donations 43.6%31.6%31.7%
Total overhead spending 51.8%42.7%43.8%
Program cost coverage (%) 305.5%201.4%199.2%

Summary Financial Statements

All figures in $000s
201920182017
Donations 2,9784,1634,717
Government funding 13,8414,2374,001
Fees for service 4,5546,4494,410
Business activities (net) 1,2911,7271,028
Special events 7601,738965
Investment income 1,3801,2191,189
Other income 1126877
Total revenues 24,91719,60016,386
Program costs 12,70914,64514,325
Administrative costs 1,9172,0351,827
Fundraising costs 1,6301,8661,803
Total spending 16,25618,54517,955
Cash flow from operations 8,6611,055(1,569)
Capital spending 4336224,293
Funding reserves 48,87440,06738,950

Note:  Ci has reported retail operations net of costs, reducing total revenues and expenses by $2.7m in F2019, $3.9m in F2018, and $2.6m in F2017. Ci has adjusted for investment income from Vancouver Art Gallery's building fund, increasing revenues by $910k in F2019, $598k in F2018, and $528k in F2017. 

Salary Information

Full-time staff: 100

Avg. Compensation: $79,612

Top 10 staff salary range:

$350k +
1
$300k - $350k
0
$250k - $300k
0
$200k - $250k
0
$160k - $200k
3
$120k - $160k
4
$80k - $120k
2
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

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Charity Contact

Website: www.vanartgallery.bc.ca
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 604.662.4700

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