Fargo Moorhead Opera Company
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 517,612 | 446,103 | 71,509 | 3.5 | 34% |
| 2021 | 422,893 | 412,279 | 10,614 | 5.1 | 39% |
| 2022 | 632,093 | 604,539 | 27,554 | 4.0 | 30% |
| 2023 | 536,149 | 633,833 | −97,684 | 2.0 | 28% |
In its most recent public year (2023), this organization spent $97,684 more than it brought in. Its reserves stood at about 2 months of spending, down from 3.5 in 2020. Staff pay was 28% of spending.
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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