Detroit Opera
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,928,017 | 11,989,843 | −2,061,826 | 32.4 | 34% |
| 2012 | 22,952,753 | 12,051,467 | 10,901,286 | 43.1 | 33% |
| 2013 | 11,218,864 | 11,456,501 | −237,637 | 45.1 | 33% |
| 2014 | 10,521,715 | 12,023,736 | −1,502,021 | 41.6 | 33% |
| 2015 | 13,836,941 | 12,823,595 | 1,013,346 | 39.9 | 35% |
| 2016 | 15,437,009 | 14,796,119 | 640,890 | 35.1 | 32% |
| 2017 | 16,515,482 | 15,538,195 | 977,287 | 34.3 | 31% |
| 2018 | 12,560,900 | 15,945,158 | −3,384,258 | 30.4 | 39% |
| 2019 | 19,092,403 | 17,522,933 | 1,569,470 | 28.6 | 43% |
| 2020 | 12,539,753 | 14,203,243 | −1,663,490 | 33.9 | 36% |
| 2021 | 9,178,032 | 8,909,778 | 268,254 | 54.5 | 30% |
| 2022 | 20,610,976 | 18,177,656 | 2,433,320 | 28.1 | 34% |
| 2023 | 20,797,237 | 21,017,080 | −219,843 | 24.3 | 35% |
In its most recent public year (2023), this organization spent $219,843 more than it brought in. Its reserves stood at about 24.3 months of spending, down from 32.4 in 2011. Staff pay was 35% of spending. $8,867,071 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
Detroit Opera's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works