Sarasota Opera Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 7,167,245 | 7,985,713 | −818,468 | 33.4 | 38% |
| 2012 | 7,304,762 | 9,108,333 | −1,803,571 | 26.8 | 39% |
| 2013 | 7,484,713 | 8,649,412 | −1,164,699 | 27.5 | 43% |
| 2014 | 8,253,466 | 8,180,182 | 73,284 | 29.5 | 42% |
| 2015 | 12,246,389 | 8,715,757 | 3,530,632 | 32.6 | 44% |
| 2016 | 9,604,730 | 9,467,020 | 137,710 | 29.5 | 5% |
| 2017 | 11,289,515 | 8,600,781 | 2,688,734 | 36.6 | 44% |
| 2018 | 7,441,604 | 9,370,889 | −1,929,285 | 31.7 | 43% |
| 2019 | 8,208,524 | 9,473,840 | −1,265,316 | 29.6 | 52% |
| 2020 | 8,229,528 | 9,515,676 | −1,286,148 | 28.1 | 52% |
| 2021 | 6,481,529 | 6,067,843 | 413,686 | 47.6 | 49% |
| 2022 | 10,657,672 | 9,110,586 | 1,547,086 | 32.6 | 49% |
| 2023 | 7,635,719 | 9,783,004 | −2,147,285 | 27.5 | 49% |
In its most recent public year (2023), this organization spent $2,147,285 more than it brought in. Its reserves stood at about 27.5 months of spending, down from 33.4 in 2011. Staff pay was 49% of spending. $8,249,277 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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