Vancouver Art Gallery

750 Hornby Steet
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:

[Charity Rating: 2/5]

✔+

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.



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OVERVIEW

About Vancouver Art Gallery :

Vancouver Art Gallery Association is a 2-star charity. It is financially transparent and has overhead spending within Ci’s reasonable range but has a below-average results reporting grade.

Founded in 1931, Vancouver Art Gallery Association (Vancouver Art Gallery) offers innovative visual art exhibitions and extensive public programs, focusing on the historical and contemporary art of British Columbia. The Gallery founded the Institute of Asian Art in 2014, paying special attention to First Nations artists and the Asia Pacific region's arts. 

Museum Services - 39% of program costs: Vancouver Art Gallery had 10,642 members in F2022. The charity produced five publications and four study guides during the same year. In F2022, Vancouver Art Gallery also provided 13 children programs and 115 art education tours and programming for 1,904 participants.

Curation and Programs - 30% of program costs: The charity produced 62 digital and ten onsite programs. During the same year, the charity also hosted three community arts and two artist-in-residence projects.

Exhibitions - 20% of program costs: In F2022, the charity showcased 311 artists from around the world. During the same year, there were a total of 131,074 gallery visitors for 18 exhibitions.

Art Acquisitions - 11% of program costs: Vancouver Art Gallery acquired 161 artworks for the Gallery's collection through purchases and donations, with 40 collection works on loan that traveled to 27 national and international venues and 52 new works commissioned from Canadian artists.

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-foot 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 charity plans to open the new gallery in 2027.

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Results and Impact

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

The charity is not yet rated on impact (n/r).

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Finances

In F2022, Vancouver Art Gallery received $8.7m in donations. The charity received $31.2m in government funding in F2022, representing 68% of total revenues. It also earned $2.7m in admissions and membership fees, representing 6% of total revenues. 

Administrative costs are 4% of revenues (excluding investment income), and fundraising costs are 25% of donations. This results in total overhead spending of 28%. For every dollar donated to the charity, 72 cents go to the cause, which is within Ci's reasonable range for overhead spending. 

Vancouver Art Gallery has $80.0m in reserve funds, of which $11.7m is donor-endowed. Excluding donor-endowed funds, the charity can cover six years and five months of its annual program costs with its funding reserves. 

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

Updated on August 2, 2023 by Krystie Nguyen.

 

Financial Review


Financial Ratios

Fiscal year ending June
202220212020
Administrative costs as % of revenues 3.7%7.5%12.1%
Fundraising costs as % of donations 24.7%13.1%27.1%
Total overhead spending 28.4%20.7%39.3%
Program cost coverage (%) 641.8%441.8%273.3%

Summary Financial Statements

All figures in $000s
202220212020
Donations 8,68710,4174,033
Government funding 31,2387,0305,486
Fees for service 2,7351,2692,939
Business activities (net) 3,0002,1003,006
Special events 05090
Investment income (168)773923
Other income 21321122
Total revenues 45,70522,12016,510
Program costs 11,2299,81913,355
Administrative costs 1,6801,6071,891
Fundraising costs 2,1461,4361,094
Total spending 15,05512,86216,340
Cash flow from operations 30,6499,258170
Capital spending 2,3672,508375
Funding reserves 80,03453,63046,466

Note: Ci included investment income from Vancouver Art Gallery's building fund and equity loss on investment, affecting revenues by ($690k) in F2022, $305k in F2021, and $461k in F2020. Ci adjusted for deferred contributions, increasing revenues by $1.3m in F2022, $731k in F2021, and $1.1m in F2020. Ci removed amortization from program, administrative and fundraising costs on a pro-rata basis.

Salary Information

Full-time staff: 75

Avg. compensation: $85,086

Top 10 staff salary range:

$350k +
0
$300k - $350k
1
$250k - $300k
0
$200k - $250k
0
$160k - $200k
2
$120k - $160k
1
$80k - $120k
6
$40k - $80k
0
< $40k
0

Information from most recent CRA Charities Directorate filings for F2022

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

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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Charitable Registration Number: 80340 7956 RR0001