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: 1/5]

FINANCIAL TRANSPARENCY

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

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.

52%

CENTS TO THE CAUSE

For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 52 cents are available for programs.



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OVERVIEW

About Canadian Stage:

Canadian Stage is a 1-star charity. It is not financially transparent and has a B results reporting grade which is average. Its overhead spending is 48% which is not within Ci’s reasonable range. Its donor endowments are more than its net reserve funds. Read Ci’s report before donating.

Founded in 1970, Canadian Stage (CS) is a contemporary performing arts organization in Toronto. It showcases theatre, dance, and musical performances by local artists. Its productions are located at three venues: the High Park Amphitheatre, the Bluma Appel Theatre, and the Marilyn and Charles Baillie Theatre. In the fiscal year ending June 2024 (F2024), CS spent a total of $6.2m on its programs.

CS hosted nine major theatre productions in F2024: one at the High Park Amphitheatre, four at the Bluma Appel Theatre, and four at the Marilyn and Charles Baillie Theatre. In F2024, it had a 39% growth in season subscriptions year-over-year.

Since its foundation, CS has hired over 5,000 artists and provided services to over 4,900,000 audience members. The charity has also performed 500 shows since being founded.

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Results and Impact

In F2024, Canadian Stage’s programs received 24 Dora Award nominations. These awards are given to the best of Toronto’s theatre, opera and dance performances.

Ci has not calculated CS’s impact. This shows as n/r and does not affect the star rating.

While Ci highlights these key results, they may not completely represent CS’s results and impact.

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Finances

Canadian Stage is not financially transparent. Ci received its audited financial statements from the CRA Charities Directorate. CS’s audited financial statements follow activity-based costing, a financial reporting best practice. This means its expenses are clearly defined between program, administrative and fundraising costs.

CS received $2.0m in donations in F2024, which is 26% of total revenue. In F2024, it received $2.2m in government funding, which is 30% of total revenue. In F2024, CS earned $2.1m from fees for its services, which is 28% of revenue. It spent $6.2m on its programs in F2024, which is 83% of revenue. CS recorded a deficit of $625k in F2024.

CS spent $781k on fundraising costs, which is 33% of donations. It spent $1.1m on administrative costs, which is 15% of revenue. CS has total overhead spending of 48%. For every dollar donated to CS, 52 cents are available to go to the cause. This is not within Ci’s reasonable range of 65-95.

CS has $249k in reserve funds (cash and investments). It has donor endowments of $2.0m. CS’s program cost coverage ratio is negative because its donor-endowed funds are larger than its net funding reserves. Excluding donor-endowed funds, its reserve funds can cover 4% or just under one month of its annual program costs, which is within Ci’s reasonable range.

This report is an update that has been sent to Canadian Stage for review. Changes and edits may be forthcoming. Updated on June 12, 2025, by Leah DeFrancesco.

Financial Review


Financial Ratios

Fiscal year ending June
202420232022
Administrative costs as % of revenues 14.9%13.5%14.3%
Fundraising costs as % of donations 32.6%28.8%33.4%
Total overhead spending 47.5%42.3%47.6%
Program cost coverage (%) (28.7%)(18.2%)3.3%

Summary Financial Statements

All figures in $000s
202420232022
Donations 1,9692,3661,600
Goods in kind 000
Government funding 2,2152,6513,679
Fees for service 2,1221,434253
Special events 426190254
Other income 7491,061274
Total revenues 7,4807,7036,060
Program costs 6,2085,7964,346
Donated goods exp 000
Administrative costs 1,1161,037865
Fundraising costs 781736618
Total spending 8,1057,5695,829
Cash flow from operations (625)133230
Capital spending 23523351
Funding reserves 2498711,842

Note: 1. Ci adjusted for deferred revenue, affecting revenue by ($1.0m) in F2024, $644k in F2023, and ($67k) in F2022. 2. Ci included government funding reported below the line, affecting revenue by ($nil) in F2024, $867k in F2023, and $1.0m in F2022. 3. Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis.

Salary Information

Full-time staff: 36

Avg. compensation: $103,553

Top 10 staff salary range:

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

Information from most recent CRA Charities Directorate filings for F2024

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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