Opera Memphis Endowment Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 3,934 | 32,093 | −28,159 | 216.5 | 0% |
| 2012 | 3,860 | 289,678 | −285,818 | 16.3 | 0% |
| 2013 | 4,306 | 22,712 | −18,406 | 249.4 | 0% |
| 2014 | 34,578 | 23,717 | 10,861 | 254.0 | 0% |
| 2015 | 79,059 | 57,426 | 21,633 | 78.7 | 0% |
| 2016 | 59,357 | 26,666 | 32,691 | 203.1 | 0% |
| 2017 | 16,140 | 25,086 | −8,946 | 239.7 | 0% |
| 2018 | 23,434 | 65,821 | −42,387 | 83.8 | 0% |
| 2019 | −45,990 | 25,205 | −71,195 | 190.8 | 0% |
| 2020 | 17,618 | 23,971 | −6,353 | 177.1 | 0% |
| 2021 | 5,712 | 24,100 | −18,388 | 227.6 | 0% |
| 2022 | 19,628 | 24,823 | −5,195 | 153.1 | 0% |
| 2023 | 8,925 | 23,096 | −14,171 | 180.5 | 0% |
In its most recent public year (2023), this organization spent $14,171 more than it brought in. Its reserves stood at about 180.5 months of spending, down from 216.5 in 2011. Staff pay was 0% 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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