Opera Memphis Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 880,971 | 1,318,175 | −437,204 | 38.6 | 42% |
| 2021 | 1,458,183 | 980,192 | 477,991 | 62.3 | 53% |
| 2022 | 1,438,726 | 1,252,242 | 186,484 | 47.5 | 40% |
| 2023 | 1,091,881 | 1,043,887 | 47,994 | 61.8 | 41% |
In its most recent public year (2023), this organization brought in $47,994 more than it spent. Its reserves stood at about 61.8 months of spending, up from 38.6 in 2020. Staff pay was 41% of spending. $1,882,637 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
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