Vancouver Symphony Orchestra
Vancouver, BC V6B 0G4
President: Kelly Tweeddale
Board Chair: Fred Withers
Charitable Reg. #: 11928 2283 RR0001
Grade: C-The grade is based on the charity's public reporting of the work it does and the results it achieves.
Need for Funding
Cents to The Cause
Full-time staff #33
Avg. Compensation $66,408
Top 10 Staff Salary Range
|$300k - $350k||0|
|$250k - $300k||0|
|$200k - $250k||0|
|$160k - $200k||0|
|$120k - $160k||3|
|$80k - $120k||1|
|$40k - $80k||5|
About Vancouver Symphony Orchestra:
Founded in 1919, Vancouver Symphony Society operates as Vancouver Symphony Orchestra (VSO). The charity works to enrich and transform lives through music by delivering high-quality musical performances, creating meaningful audience engagement, and delivering education and community programs. VSO claims to be the third largest symphony in Canada.
Vancouver Symphony Orchestra states that it performs 150 concerts per year. Annual attendance is 250,000. In 2014/15, VSO reported featuring 55 International and 71 Canadian guest artists, conductors and ensembles.
In terms of Education and Community programming, every year VSO reports reaching 50,000 kids, teens and young adults. It also performs 12 elementary school concerts that over 490 schools attend, hosts 16 Tiny Tots concerts for children aged 5 and younger, hosts 5 Kids’ Koncerts for kids aged 4 to 11, and runs five Symphonic Encounters that are open rehearsals for high school and post-secondary school students to attend. In 2014/15, VSO visited 100 public school classrooms, ran 13 education programs, performed elementary school concerts for 400 schools, and launched the Vancouver Symphony Orchestra Institute in Whistler, BC. VSO runs education programs because it believes music is necessary for a well-rounded education and enriching life.
Ci consolidated VSO with the Vancouver Symphony Foundation (VSF) in the following financial analysis. Ci used the Foundation’s T3010 CRA filings for revenue, expense and asset figures.
Vancouver Symphony Orchestra is a medium-sized charity with cash donations and special events fundraising of $4.3m in F2015. Administrative costs are 6% of revenues and fundraising costs are 25% of cash donations and special events. Per dollar donated to VSO, $0.69 goes towards its programs, which falls within Ci’s reasonable range for overhead spending. Funding reserves of $19.6m can cover annual program costs for 1.6 years.
This charity report is an update that is currently being reviewed by Vancouver Symphony Orchestra. Comments and edits may be forthcoming.
Updated on June 19, 2017 by Katie Khodawandi.
Financial RatiosFiscal year ending June
|Administrative costs as % of revenues||6.2%||6.8%||6.9%|
|Fundraising costs as % of donations||25.3%||19.9%||26.2%|
|Program cost coverage (%)||162.3%||140.4%||98.0%|
Summary Financial StatementsAll figures in $000s
|Goods in kind||1,837||1,633||1,678|
|Fees for service||5,387||5,186||5,287|
|Business activities (net)||60||60||50|
|Cash flow from operations||3,028||2,447||1,112|