The Minnesota Opera
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 9,102,678 | 9,532,030 | −429,352 | 33.6 | 36% |
| 2012 | 9,248,838 | 10,377,791 | −1,128,953 | 28.2 | 35% |
| 2013 | 9,102,424 | 10,632,030 | −1,529,606 | 27.6 | 31% |
| 2014 | 9,454,487 | 9,625,732 | −171,245 | 32.6 | 35% |
| 2015 | 11,244,876 | 10,530,377 | 714,499 | 29.7 | 36% |
| 2016 | 11,115,393 | 10,644,457 | 470,936 | 28.0 | 34% |
| 2017 | 8,929,896 | 11,190,288 | −2,260,392 | 25.1 | 37% |
| 2018 | 11,085,591 | 13,072,085 | −1,986,494 | 20.0 | 34% |
| 2019 | 21,274,229 | 12,846,346 | 8,427,883 | 28.3 | 54% |
| 2020 | 7,409,847 | 12,169,363 | −4,759,516 | 24.4 | 59% |
| 2021 | 9,963,166 | 8,098,577 | 1,864,589 | 44.0 | 56% |
| 2022 | 16,099,693 | 10,837,123 | 5,262,570 | 34.3 | 52% |
| 2023 | 16,686,441 | 13,064,521 | 3,621,920 | 33.0 | 54% |
In its most recent public year (2023), this organization brought in $3,621,920 more than it spent. Its reserves stood at about 33 months of spending. Staff pay was 54% of spending. $29,473,633 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
The Minnesota 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