The Canadian charity sector is a diverse landscape, ranging from small, grassroots organizations to large, well-established institutions. While the sector is often perceived through the lens of a few high-profile organizations, the reality is that most charities operate on modest budgets. Despite their size, every charity, big or small, relies on sound financial management to ensure their sustainability and impact.
To gain a deeper understanding of the sector, it's essential to examine the average and median size of Canadian charities.
Mark Blumberg runs down the numbers for us in this recent article.
While the mean revenue provides an overall picture, it can be skewed by a few large organizations with exceptionally high revenues. A more accurate representation of the "typical" charity can be obtained by looking at the median revenue, which is less susceptible to outliers. By analyzing these metrics, we can better appreciate the diverse nature of the Canadian charity sector and the challenges and opportunities faced by organizations of all sizes.
Finance for the Arts in Canada can help you and your organization better understand your financial footing and maintain solid financial management.
