The National Ballet of Canada is a 3-star charity with an average results reporting grade. Its funding reserves are within Ci’s reasonable range and can cover one year and eight months of annual program costs. For every dollar donated to The National Ballet of Canada, 63 cents are available to go to the cause, which is outside Ci’s reasonable range.

The National Ballet of Canada (the Ballet), established in 1951, aims to perform the best of classical and contemporary ballet. The Ballet operates out of the Walter Carsen Centre in Toronto and has 76 dancers and 62 orchestra members. Its programs include Performances, and Education and Community Outreach. The Ballet presents mainstage productions in Toronto and tours nationally and internationally, while its outreach programs engage youth, families, and people with disabilities. In F2025, the Ballet spent $35.3m on its programs.

Performances accounted for 98% ($34.4m) of program spending in F2025. The Ballet held 106 performances, including 14 mainstage productions, and four world premieres. Its performances reached 191,621 audience members, while its digital content reached another 11.1 million people.

Education and Community Outreach received 2% or $824k of F2025 program spending. The Ballet held 2,865 community engagement events in F2025, reaching 93,541 attendees. Its YOU Dance program, a free program designed to introduce elementary students to dance and the arts, engaged 1,300 students from 12 schools in the Glenfield-Jane Heights neighbourhoods. Another 20,000 students participated through the livestream. The Ballet also held a Relaxed Performance of Swan Lake in F2025, which welcomed more than 1,100 audience members from disability and neurodiverse communities. These performances provide an abbreviated and more accessible theatre experience.

Ci has consolidated the audited financial statements of the National Ballet of Canada and the National Ballet of Canada, Endowment Foundation.

The Ballet had total revenues of $50.0m in F2025. It received $13.7m in donations and special events revenue, representing 27% of revenue and $6.8m in government funding, equal to 14% of revenue. Box office sales and touring, listed under fees for service, accounted for $19.2m or 38% of revenue. Investment income was $9.8m (20% of revenue) in F2025.

The National Ballet of Canada spent $35.3m on its programs, which is 71% of revenue. The charity recorded a surplus of $6.7m in F2025, equal to 13% of revenue.

Administrative costs were $3.9m, representing 10% of revenue (excluding investment income). The charity spent $3.7m on fundraising, equal to 27% of donations. Total overhead spending was 37%. For every dollar donated to The National Ballet of Canada, 63 cents are available to go to the cause. This is outside Ci’s reasonable range.

The Ballet held $126.3m in in reserve funds (cash and investments), of which $73.3m is donor endowed. Excluding donor-endowed funds, these reserves can cover one year and eight months of annual program costs. This is within Ci’s reasonable range.

This is a charity update that has been sent to The National Ballet of Canada by Neela Jalilian on July 28, 2026.