Mississippi Opera Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2021 | 206,880 | 170,985 | 35,895 | 1.6 | 19% |
| 2022 | 240,015 | 284,652 | −44,637 | -0.5 | 31% |
| 2023 | 390,702 | 458,510 | −67,808 | -2.1 | 12% |
In its most recent public year (2023), this organization spent $67,808 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-2.1 months), down from 1.6 in 2021. Staff pay was 12% of spending. $28,171 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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