108166240RR0001 — 0190
Registered — Vancouver, BC — Charitable Organization
Scores: Legitimacy 100/100 · Effectiveness 85/100
Financials: Revenue $5,824,236 · Expenditures $5,114,200
Vancouver Academy of Music is one of Canada's premier independent music conservatories, with 56 years of continuous CRA registration and $5.82 million in annual revenue. While the academy earns an A+ trust grade with above-peer reserves, its 67.7% program spending ratio and top salary bracket of 5 reveal a more complex financial profile than the typical music education institution, with four directors serving on multiple boards in Vancouver's arts governance landscape.
Our Verdict: A venerable music conservatory with more than half a century of service to Vancouver's cultural community. Above-peer reserves and a $710,000 surplus indicate financial health. However, the 67.7% program spending ratio is notably below school norms, and executive compensation in bracket 5 (well above the peer median of 2) is a consideration. Donors supporting music education in Vancouver should weigh the academy's prestigious institutional history against its above-average overhead profile.