Calgary Philharmonic Orchestra
STAR RATINGCi's Star Rating is calculated based on the following independent metrics: |
✔+
FINANCIAL TRANSPARENCY
Audited financial statements for current and previous years available on the charity’s website.
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.
58%
CENTS TO THE CAUSE
For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 58 cents are available for programs.
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OVERVIEW
About Calgary Philharmonic Orchestra:
Calgary Philharmonic Orchestra is a 1-star charity. It has a D results reporting grade, which is below average. For every dollar donated to the charity, 58 cents are available to go to the cause, which is outside of Ci's reasonable range.
Founded in 1955 after the Alberta Philharmonic and Calgary Symphony merged, Calgary Philharmonic Orchestra (CPO) presents classical, pop, collaborative, and cutting-edge musical shows for the city of Calgary. CPO recognizes itself to be one of Canada’s largest live music ensembles. Calgary Philharmonic Orchestra states that it is one of two major symphony orchestras in Canada with a chorus of over 120 singers. The charity performs at five venues: the Jack Singer Concert Hall, the Southern Jubilee Auditorium, the Bella Concert Hall, the Grace Presbyterian Church, and the Knox United Church. CPO reports two main programs on its website: Orchestra and Education.
Orchestra: CPO states that it welcomes over 100,000 visitors a year on average to its concert hall. In 2017, CPO launched its live stream to broadcast its concerts to audiences around the world. The charity reported it held 40 different programs across seven venues in the 2022-2023 season. Highlights from the 2022-2023 season included ten classic symphonies, seven films with live orchestra, four holiday season presentations, six blockbuster events, and four family-friendly events.
Education: Calgary Philharmonic Orchestra reports eight activities within its education program. PhilKids is an after-school music program for youth who do not have access to lessons. Education Concerts aim to inspire and educate students at various grade levels through symphony performances. Orchestra Adventure explains the four sections of a symphony orchestra online. Adult Learning combines classroom and concert experience to broaden adults' understanding of classical music. Open Rehearsals offer behind the scenes information on a Calgary Philharmonic rehearsal. School Visits involve musicians visiting local schools to educate youth on their instrument and play a performance. Band Together offers private lessons to local band students. Awards and Scholarships focuses on developing local talent through two awards and scholarships. CPO reported that it provides music to more than 20,000 Albertans through its educational programs each year.
Calgary Philharmonic has an associated foundation. Its purpose is to support long-term operations of the CPO. The charity reports that the foundation is one of the largest held by a Canadian orchestra.
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Results and Impact
The charity does not disclose any quantified outcomes.
This charity is not yet rated on impact (n/r).
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Finances
Calgary Philharmonic Orchestra received $2.3m in donations and $1.6m in ticket sales and other sold services in F2022. CPO received $5.1m in government funding in F2022, representing 41% of total revenue. The charity’s administrative costs are 13% of revenue (excluding investment income). Fundraising costs are 29% of donations. This yields a total overhead spend of 42%. For every dollar donated to the charity, 58 cents are available to go to the cause, which is outside of Ci’s reasonable range for overhead spend. Calgary Philharmonic Orchestra has $42.2m in reserve funds. The federal government has agreed to match donor-endowed donations. To date, CPO received $12.1m in donor-endowed donations. As such, $24.2m is donor-endowed. Reserve funds excluding endowments cover 228% or two years and three months of annual program costs.
This charity report is an update that has been sent to Calgary Philharmonic Orchestra for review. Changes and edits may be forthcoming.
Updated June 7, 2023 by Liam Chapleau.
Financial Review
Fiscal year ending June
|
2022 | 2021 | 2020 |
---|---|---|---|
Administrative costs as % of revenues | 13.3% | 8.5% | 5.8% |
Fundraising costs as % of donations | 28.5% | 16.4% | 12.4% |
Total overhead spending | 41.7% | 24.9% | 18.1% |
Program cost coverage (%) | 235.3% | 400.9% | 192.2% |
Summary Financial StatementsAll figures in $000s |
2022 | 2021 | 2020 |
---|---|---|---|
Donations | 2,286 | 3,218 | 4,599 |
Goods in kind | 251 | 5 | 473 |
Government funding | 5,145 | 7,245 | 4,987 |
Fees for service | 1,586 | 6 | 2,899 |
Investment income | 3,216 | 2,842 | 3,793 |
Other income | 1 | (54) | 14 |
Total revenues | 12,485 | 13,262 | 16,766 |
Program costs | 8,865 | 7,147 | 10,161 |
Grants | 0 | 0 | 31 |
Donated goods exp | 251 | 5 | 473 |
Administrative costs | 1,233 | 884 | 752 |
Fundraising costs | 650 | 528 | 568 |
Total spending | 10,999 | 8,564 | 11,985 |
Cash flow from operations | 1,486 | 4,698 | 4,781 |
Capital spending | 22 | 53 | 31 |
Funding reserves | 42,231 | 47,151 | 39,303 |
Note: Charity Intelligence has consolidated the audited financial statements of Calgary Philharmonic Society and Calgary Philharmonic Foundation. Ci has taken all expense breakdowns from the CRA’s T3010 forms. As such, Ci decreased amortization pro-rata for each expense line. Ci included gains (losses) on foreign exchange and change in cash surrender value of life insurance policies in other revenue, affecting total revenues by $1.2k in F2022, ($73k) in F2021, and $18k in F2020. Ci removed the value of donated goods and services from Canadian donations and program expenses, affecting Canadian donations and program expenses by ($251k) in F2022, ($4k) in F2021, and ($473k) in F2020. Ci removed government funding from Canadian donations, affecting Canadian donations by ($nil) in F2022, ($nil) in F2021, and ($109k). Ci accounted for both donor and government deferred revenue. Deferred revenue impacted donations by ($1.1m) in F2022, ($380k) in F2021, and $138k in F2020. Deferred revenue impacted government revenue by $99k in F2022, $408k in F2021, and $1.2m in F2020. Ci backed out amortization of deferred capital contributions from investment income, increasing investment income by $80k in F2022, $80k in F2021, and $80k in F2020. Ci accounted for additions to deferred capital contributions, which increased revenues by ($nil) in F2022, $18k in F2021, ($nil) in F2020.
Salary Information
$350k + |
0 |
$300k - $350k |
0 |
$250k - $300k |
1 |
$200k - $250k |
0 |
$160k - $200k |
0 |
$120k - $160k |
3 |
$80k - $120k |
2 |
$40k - $80k |
4 |
< $40k |
0 |
Information from most recent CRA Charities Directorate filings for F2022
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Comments & Contact
Comments added by the Charity:
Charity Contact
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Tel: (403) 571-0849