Art Gallery of Ontario

317 Dundas Street West
Toronto, ON M5T 1G4
CEO: Stephen Jost
Board President: Maxine Granovsky Gluskin

Charitable Reg. #: 11879 0401 RR0001
Sector: Arts & Culture
Operating Charity

Social Results Reporting

Grade: C

The grade is based on the charity's public reporting of the work it does and the results it achieves.

Financial Transparency

Audited financial statements for current and previous years available on the charity's website [ Audited financial statement for most recent year ]

Program Cost Coverage

Funding Reserves Program Costs

Spending Breakdown

Full-time staff #317

Avg. Compensation $82,950

Top 10 Staff Salary Range

$350k + 1
$300k - $350k 0
$250k - $300k 0
$200k - $250k 1
$160k - $200k 4
$120k - $160k 4
$80k - $120k 0
$40k - $80k 0
< $40k 0
Information from most recent CRA Charities Directorate filings for F2015

About Art Gallery of Ontario:

The Art Gallery of Ontario (AGO) was founded in 1900 by a group of private citizens as the Art Museum of Toronto. In 1967, the AGO was registered as a charitable organization. Today, it is one of the largest art museums in North America, with a physical facility of 583,000 square feet. Its mission is to "bring people together with art to see, experience and understand the world in new ways." The AGO expanded in 2008 with an innovative architectural design by world-renowned architect Frank Gehry. It now holds approximately 90,800 works of art in its collection, which originate from 100 A.D. to the present. The AGO organizes and hosts a wide spectrum of major exhibitions.

In 2011, the AGO launched the new Weston Family Learning Centre, designed by Hariri Pontarini Architects. Programs offered in the 35,000 sq. ft. space include free youth drop-in centres and programs, school programs, teacher workshops and art courses for all ages. The gallery launched AGO Live Stream in 2014, which provides video access to AGO events, performances, and talks.

In F2015, the Art Gallery of Ontario had 789,121 visitors, which was down 8% from F2014. Further, it had 38,362 student visitors in F2015, which was down 10% from F2014. Membership increased to an all-time high of 101,100 patrons, which is up 8% from F2014. In F2015, AGO purchased 820 works of art at a cost of $5.8m, and received 822 donated works of art valued at $245m which are tax-receipted as donated goods in kind. AGO's 2015 Annual Review highlights 5 of these additions: a 1966 Michif/Otipemisiwak painting, a 1947 Lake colour transparencies (3), a contemporary Yang steel office chair, a 1890 Belleuse bronze, and a 1834 Whistler etching.

Financial Review:

The Art Gallery of Ontario is a large charity, with donations of $15.9m in F2015. Its administrative costs are 2% of revenues and its fundraising costs are 29% of monetary donations. For every $1 donated to the charity, 69 cents is put towards its programs, falling within Ci's reasonable range. The charity has $16.6m in funding reserves. This results in a program cost coverage ratio, excluding donated works of art, of 42%. This means that it can cover 5 months of its annual programs using its existing reserves.

In F2015, AGO's entire collection has approximately 90,800 pieces that are not valued in its audited financial statements. AGO is improving its collection through using proceeds from some art sales to purchase art. In F2015 deaccessioning art (art sales) generated $933k for art purchases. $866k in art purchases in F2016 is expected to come from deaccessioning.

This charity report is an update that is being reviewed by Art Gallery of Ontario. Changes and edits may be forthcoming.

Updated on August 5, 2016 by Lynn Tay.

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 2.3%10.1%12.1%
Fundraising costs as % of donations 28.6%32.5%52.6%
Program cost coverage (%) 41.6%37.3%34.5%

Summary Financial Statements

All figures in $000s
Donations 15,90715,1538,946
Goods in kind 244,7875,1658,839
Government funding 23,64122,52826,624
Fees for service 9,74910,67011,445
Business activities (net) 395564238
Investment income 284271234
Other income 1,3091,133892
Total revenues 296,07255,48457,218
Program costs 284,74840,73044,685
Grants 54137566
Administrative costs 6,7625,5496,869
Fundraising costs 4,5424,9184,702
Other costs 0075
Cash flow from operations (34)4,150321
Funding reserves 16,62513,32812,574
Note: Ci has excluded the charity’s donated works of art from the program cost coverage ratio. Ci has adjusted amortization of deferred capital contributions, adjustment for deferred donations, gallery shop expenses, and food and beverage expenses affecting revenues by ($20.5m) in F2015, by ($18.3m) in F2014, and by ($22.9m) in F2013. Ci has adjusted gallery shop expenses, food and beverage expenses, and amortization of capital assets affecting expenses by ($22.2m) in F2015, by ($22.4m) in F2014, and by ($22.1m) in F2013.

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