Verdi Opera Theatre Of Michigan
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2018 | 9,852 | 7,758 | 2,094 | 19.0 | — |
| 2020 | 9,008 | 6,223 | 2,785 | 26.1 | — |
| 2021 | 3,740 | 3,599 | 141 | 45.7 | — |
| 2022 | 5,453 | 9,716 | −4,263 | 11.7 | — |
| 2023 | 14,356 | 11,508 | 2,848 | 12.8 | — |
In its most recent public year (2023), this organization brought in $2,848 more than it spent. Its reserves stood at about 12.8 months of spending, down from 19 in 2018.
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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