26 Berkeley Street
Toronto, ON M5A 2W3
Executive Director: Monica Esteves
Board Chair: Alexandra Baillie

Charitable Reg. #:11922 0028 RR0001

STAR RATING

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

[Charity Rating: 2/5]

FINANCIAL TRANSPARENCY

Audited financial statements available only through official request for information from Charities Directorate.

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.

75%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 75 cents are available for programs.

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OVERVIEW

About Canadian Stage:

Founded in 1988 through a merger of Centre Stage Company and Toronto Free Theatre, Canadian Stage is a contemporary performing arts organization. Canadian Stage produces, presents, commissions, and collaborates with partners to put on performances. The charity performs its stage performances at three Toronto venues: The Bluma Appel Theatre at TO Live; The Berkeley Street Theatre; and the High Park Amphitheatre. Other than its main performances, Canadian Stage runs education & outreach programs.

In F2020, Canadian Stage featured 14 new works, including six world premieres. It brought theatre and dance artists from five continents to support the performance of works including, The Book of Life, Let’s Run Away, and Minorities.

Through its education & outreach programs, Canadian Stage is committed to sharing its performances with people to enrich the experience for the audience. Canadian Stage runs student and educator workshops, and artist mentorship programs. In F2020, 795 students attended performances with discounted tickets and 749 educators participated in educational workshops. The charity partners with York University to support the next generation of talent. Every year, a group of York theatre students help on stage, backstage, and on creative teams for Canadian Stage’s Shakespeare in High Park production. This gives students the opportunity to work with industry professionals in performance, design, production, and stage management.

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Results and Impact

Charity Intelligence did not find any measurable outcomes. Canadian Stage is not yet rated on impact (n/r).

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Finances

Canadian Stage received donations and special events revenues of $3.1m in F2019. The charity also collected $2.3m in box office revenue in F2019. Administrative costs are 9% of total revenues (excluding investment income) and fundraising costs are 17% of total donations. For every dollar donated to the charity, 75 cents go to its programs. This is within Ci’s reasonable range for overhead spending.

Canadian Stage has $1.9m in cash and funds held in trust and $212k in bank debt. Net reserves of $1.6m could cover annual program spending at the F2019 level for three months. However, almost all reserves are donor-endowed, reducing the charity’s net, non-donor endowed program cost coverage ratio to less than zero.

Ci has sent this profile update to Canadian Stage for review. Changes and edits may be forthcoming.

Updated on August 24, 2021, by Shira Wine.

Financial Review


Financial Ratios

Fiscal year ending June
201920182017
Administrative costs as % of revenues 8.8%6.6%7.0%
Fundraising costs as % of donations 16.7%25.6%20.6%
Total overhead spending 25.5%32.2%27.6%
Program cost coverage (%) (3.1%)(5.7%)(8.3%)

Summary Financial Statements

All figures in $000s
201920182017
Donations 2,6371,6302,374
Goods in kind 55840
Government funding 2,3982,2032,173
Fees for service 2,2862,2842,146
Special events 460347225
Investment income 111
Other income 584640634
Total revenues 8,4217,1907,553
Program costs 6,1645,8706,811
Donated goods exp 55840
Administrative costs 741477527
Fundraising costs 517506535
Total spending 7,4776,9377,873
Cash flow from operations 944253(320)
Capital spending 3399322
Funding reserves 1,6441,4991,228

Note: Ci removed amortization from program costs, decreasing program spending by $73k in F2019, $51k in F2018, and $48k in F2017.

Salary Information

Full-time staff: 35

Avg. compensation: $85,330

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2019

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Comments & Contact

Comments added by the Charity:

No comments have been added by the charity.

Charity Contact

Website: www.canadianstage.com
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416-367-8243

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Charitable Registration Number: 80340 7956 RR0001