North Carolina Opera Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2012 | 959,011 | 892,970 | 66,041 | 0.4 | 16% |
| 2013 | 758,825 | 732,670 | 26,155 | 0.9 | 18% |
| 2014 | 1,251,054 | 1,201,937 | 49,117 | 1.0 | 17% |
| 2015 | 1,254,750 | 1,316,048 | −61,298 | 0.4 | 20% |
| 2016 | 1,221,741 | 1,221,362 | 379 | 0.4 | 21% |
| 2017 | 1,424,180 | 1,528,140 | −103,960 | -0.5 | 18% |
| 2018 | 1,282,817 | 1,394,422 | −111,605 | -1.5 | 17% |
| 2019 | 1,461,491 | 1,211,578 | 249,913 | 0.8 | 23% |
| 2020 | 944,623 | 944,559 | 64 | 1.0 | 34% |
| 2021 | 583,965 | 523,043 | 60,922 | 3.2 | 49% |
| 2022 | 2,021,484 | 1,548,686 | 472,798 | 5.6 | 24% |
| 2023 | 1,427,583 | 1,569,951 | −142,368 | 4.5 | 26% |
In its most recent public year (2023), this organization spent $142,368 more than it brought in. Its reserves stood at about 4.5 months of spending, up from 0.4 in 2012. Staff pay was 26% of spending. $358,356 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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