Tibbits Opera Foundation And Arts Council Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 815,443 | 514,489 | 300,954 | 32.8 | 48% |
| 2012 | 751,545 | 543,421 | 208,124 | 35.6 | 46% |
| 2013 | 1,156,717 | 1,067,995 | 88,722 | 19.1 | 25% |
| 2014 | 597,344 | 613,833 | −16,489 | 33.0 | 46% |
| 2015 | 555,588 | 594,324 | −38,736 | 33.3 | 47% |
| 2016 | 602,299 | 687,269 | −84,970 | 27.3 | 43% |
| 2017 | 704,548 | 695,379 | 9,169 | 27.2 | 46% |
| 2018 | 828,758 | 724,008 | 104,750 | 27.7 | 45% |
| 2019 | 912,890 | 863,283 | 49,607 | 23.8 | 45% |
| 2020 | 827,123 | 654,066 | 173,057 | 34.7 | 46% |
| 2021 | 781,067 | 657,571 | 123,496 | 37.0 | 49% |
| 2022 | 1,033,388 | 853,351 | 180,037 | 30.6 | 45% |
| 2023 | 1,519,219 | 1,126,680 | 392,539 | 27.6 | 38% |
In its most recent public year (2023), this organization brought in $392,539 more than it spent. Its reserves stood at about 27.6 months of spending, down from 32.8 in 2011. Staff pay was 38% of spending. $435,799 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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