Art Gallery of Alberta
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
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.
60%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 60 cents are available for programs.
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OVERVIEW
About Art Gallery of Alberta:
Art Gallery of Alberta is a 2-star charity. It has a C- results reporting grade, which is below average. Its overhead spending is outside Ci’s reasonable range, and it has reserve funds to cover seven months of its annual program costs.
Founded in 1924, Art Gallery of Alberta (AGA) is a museum in Edmonton. Its mission is to create an environment that allows people to connect with visual arts. Its vision is to become the creative hub of Alberta and transform lives through art.
In 2023, AGA acquired six new works of art and ran 20 exhibitions. In addition to its regular exhibitions, AGA runs a travelling exhibition and educational and recreational programs. It also rents and sells artwork.
The Travelling Exhibition program (TREX) was established in 1981 by the Alberta Foundation for the Arts. It aims to allow Albertans to experience art exhibitions in their communities. In 2023, TREX toured 14 exhibitions and was booked 91 times.
The Sigmar Centre for Art Education ran 546 programs for 14,126 participants in 2023. This included 174 school programs for 6,916 participants and 17 Camps for 204 children ages 6-17. It also ran art classes for youth, adults, and seniors.
AGA hosted 15 lectures, talks, and panels in 2023 for 354 participants. It also hosted 13 film nights for 348 participants. In 2023, AGA held 299 public tours, ten community tours, and four outreach tours. These tours had 918, 460, and 203 participants respectively.
AGA also has the longest-running Art Sales and Rental program in Alberta. The program allows the public to rent or buy art at reasonable prices. It provides financial support and a high-profile platform for Albertan artists. In 2023, Art Sales and Rental sold 70 works to 51 clients. It represented 164 artists and carried over 1,460 artworks.
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Results and Impact
Charity Intelligence did not find any quantified outcomes on Art Gallery of Alberta’s website. This may not be a complete representation of Art Gallery of Alberta’s results and impact.
This charity is not yet rated on impact (n/r).
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Finances
In 2023, Art Gallery of Alberta received $1.3m in donations and special event revenue. It received $2.9m in government funding (46% of total revenue) and $665k in admission, membership fees, and fees for classes and programs (11% of total revenue). The charity made $68k from business activities (1% of total revenue). Administrative costs are 15% of total revenue (excluding investment income) and fundraising costs are 25% of donations. Overhead spending is 40%, which is outside Ci’s reasonable range. For every dollar donated, 60 cents are available for the cause. AGA spent $4.8m on its programs in F2023 (76% of total revenue excluding the value of donated goods in-kind).
In F2023, AGA had a surplus of $309k and spent $243k on capital expenditures.
At the end of F2023, AGA had $3.6m in reserve funds (cash and investments). $884k of reserve funds are donor endowed. Excluding donor-endowed funds, AGA has enough reserve funds to cover 58% or seven months of its annual program costs.
This charity profile is an update that has been sent to Art Gallery of Alberta for review. Changes and edits may be forthcoming.
Updated on August 13th, 2024 by Thea Clark.
Financial Review
Fiscal year ending December
|
2023 | 2022 | 2021 |
|---|---|---|---|
| Administrative costs as % of revenues | 15.4% | 18.6% | 9.8% |
| Fundraising costs as % of donations | 24.8% | 36.0% | 91.5% |
| Total overhead spending | 40.2% | 54.5% | 101.4% |
| Program cost coverage (%) | 57.6% | 47.5% | 87.8% |
Summary Financial StatementsAll figures in $000s |
2023 | 2022 | 2021 |
|---|---|---|---|
| Donations | 1,087 | 884 | 264 |
| Goods in kind | 341 | 309 | 2,815 |
| Government funding | 2,901 | 2,552 | 3,424 |
| Fees for service | 665 | 524 | 209 |
| Lotteries (net) | (1) | (101) | 102 |
| Business activities (net) | 68 | 127 | (40) |
| Special events | 211 | 219 | 45 |
| Investment income | 456 | (190) | 518 |
| Other income | 593 | 341 | 409 |
| Total revenues | 6,320 | 4,665 | 7,747 |
| Program costs | 4,762 | 4,234 | 3,523 |
| Grants | 0 | 0 | 1 |
| Donated goods exp | 341 | 309 | 2,815 |
| Administrative costs | 903 | 901 | 711 |
| Fundraising costs | 321 | 397 | 283 |
| Other costs | (315) | 0 | 0 |
| Total spending | 6,012 | 5,841 | 7,332 |
| Cash flow from operations | 309 | (1,176) | 414 |
| Capital spending | 243 | 115 | 546 |
| Funding reserves | 3,604 | 3,366 | 4,421 |
Note: T3010: The charity does not provide a spending breakdown by activity in its audited financial statements. Ci used the charity’s T3010 filing with the CRA to determine program, administrative, and fundraising costs. Ci also used the charity’s T3010 to determine spending on grants. AMORTIZATION: Ci removed amortization from program, administrative, and fundraising costs on a pro-rata basis. DEFERRED REVENUE: Ci adjusted for deferred revenue, affecting total revenue by $416k in F2023, ($726k) in F2022, and ($34k) in F2021. DONATED GOODS USED: Ci removed the value of donated objects of art from donations and added it to donated goods in-kind and donated goods used in programs. NET BUSINESS ACTIVITIES: Ci reported retail services revenue net of expenses in business activities, decreasing total revenue and expenses by $315k in F2023, $311k in F2022, and $306k in F2021.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
0 |
$200k - $250k |
1 |
$160k - $200k |
1 |
$120k - $160k |
0 |
$80k - $120k |
7 |
$40k - $80k |
1 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2023
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Comments & Contact
Comments added by the Charity:
Charity Contact
This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 780-425-5379