Art Gallery of Ontario

317 Dundas Street West
Toronto , ON M5T 1G4
CEO: Stephan Jost
Board President: Rupert Duchesne

Charitable Reg. #:11879 0401 RR0001


Ci's Star Rating is calculated based on the following independent metrics:

[Charity Rating: 2/5]



Audited financial statements for current and previous years available on the charity’s website.



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



The demonstrated impact per dollar Ci calculates from available program information.


Charity's cash and investments (funding reserves) relative to how much it spends on programs in most recent year.



For a dollar donated, after overhead costs of fundraising and admin/management (excluding surplus) 39 cents are available for programs.

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About Art Gallery of Ontario:

Art Gallery of Ontario (AGO) was founded in 1900 by a group of private citizens as the Art Museum of Toronto. Today, AGO 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.” In F2020, AGO acquired 293 new works of art, bringing its total collection to over 100,000 pieces. Two of the most notable works are Reubens' The Massacre of The Innocents and Untilled by Pierre Huyghe. Outside of general operations, AGO runs many public programs.

In F2020, AGO welcomed 844,406 visitors, one of the top ten highest years for attendance in AGO history. The gallery's collection focuses on five main areas: Indigenous and Canadian art, European art, prints and drawings, photography, and modern and contemporary art. In F2020, 144 Indigenous and Canadian works were approved for accessioning as well as three European works and 44 prints and drawings.

Through its public programming, AGO focuses on engaging people to have meaningful experiences with artwork and starting conversations. Much of the AGO’s programming focuses on educational opportunities for children/youth and families. In F2020, the AGO welcomed 23,055 onsite visits by school groups.

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Results and Impact

In F2020, Art Gallery of Ontario provided 170,149 free visits to the museum for marginalized and other social community groups.

While Ci highlights these key results, they may not be a complete representation of Art Gallery of Ontario's results and impact. This charity is not yet rated on impact (n/r).




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Charity Intelligence consolidated the operating charity with its foundation using the foundation’s audited financial statements.

Art Gallery of Ontario received cash donations of $12.3m and donated art worth $13.5m in F2020. AGO's administrative costs are 11% of total revenues (excluding investment income) and fundraising costs are 50% of donations. This results in overhead spending of 61%. For every dollar donated to the charity, 39 cents go to its programs. This is outside Ci’s reasonable range for overhead spending. AGO has funding reserves of $109.3m of which $80.0m is donor endowed. Excluding donor-endowed funds, reserves can cover program costs for around 10 months.

Like other art museums, AGO's vast collection of art is NOT included in its asset values. AGO's collection of 106,338 artworks is carried at a nominal value of $1,000. In F2020, AGO purchased 2,400 works of art at a total cost of $4.0m. Total contributions to the collection in F2020 were 7,380 works with an estimated fair value of $13.5m.

AGO reports using external fundraisers. In F2020, the charity paid $466k to raise $1.5m from external fundraisers for a cost of 31 cents per dollar raised.

Charity Intelligence has sent this update to Art Gallery of Ontario for review. Changes and edits may be forthcoming.

Updated on June 21, 2021, by Shira Wine.


Financial Review

Financial Ratios

Fiscal year ending March
Administrative costs as % of revenues 10.5%17.3%9.2%
Fundraising costs as % of donations 50.0%37.9%49.6%
Total overhead spending 60.5%55.3%58.8%
Program cost coverage (%) 79.7%123.5%93.6%

Summary Financial Statements

All figures in $000s
Donations 12,32713,88810,529
Goods in kind 13,5444,71739,364
Government funding 22,55322,55122,166
Fees for service 9,50712,38513,245
Business activities (net) (622)1,2041,296
Investment income 7,15515,242908
Other income 7,9128,2384,434
Total revenues 72,37678,22591,942
Program costs 40,84439,68837,074
Donated goods exp 13,5444,71739,364
Administrative costs 6,86010,9168,349
Fundraising costs 6,1675,2685,223
Other costs 217188135
Total spending 67,63260,77790,145
Cash flow from operations 4,74417,4481,797
Capital spending 7,0273,13414,368
Funding reserves 109,329113,337101,469

Note: Ci did not recognize transfers from the foundation to the operating charity as revenues, reducing total revenue by $5.4m in F2020, $4.0m in F2019, and $2.0m in F2018. Ci did not recognize amortization of deferred capital contributions as revenue, affecting total revenue by ($9.8m) in F2020, ($9.7m) in F2019, and ($9.2m) in F2018. Ci reported business activities as net of expenses, decreasing revenues and expenses by $13.1m in F2020, $14.7m in F2019, and $15.1m in F2018. Ci reported proceeds from the sale of deaccessioned art as other revenue, increasing revenue by $3.1m in F2020, $4k in F2019, and $241k in F2018. Ci did not adjust for deferred contributions as it was unable to distinguish whether the revenue was from donors or the government.   

Salary Information

Full-time staff: 337

Avg. compensation: $95,562

Top 10 staff salary range:

$350k +
$300k - $350k
$250k - $300k
$200k - $250k
$160k - $200k
$120k - $160k
$80k - $120k
$40k - $80k
< $40k

Information from most recent CRA Charities Directorate filings for F2020

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Comments & Contact

Comments added by the Charity:

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Charity Contact

This email address is being protected from spambots. You need JavaScript enabled to view it. Tel: 416 979 6648


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Charitable Registration Number: 80340 7956 RR0001