Festival Opera Association Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 567,368 | 745,024 | −177,656 | -2.8 | 9% |
| 2012 | 295,761 | 191,621 | 104,140 | -3.7 | 31% |
| 2013 | 244,472 | 286,779 | −42,307 | -4.1 | 21% |
| 2014 | 194,294 | 164,635 | 29,659 | -5.0 | 36% |
| 2015 | 261,736 | 292,058 | −30,322 | -4.1 | 21% |
| 2016 | 244,730 | 231,206 | 13,524 | -4.5 | 29% |
| 2017 | 250,614 | 215,061 | 35,553 | -2.8 | 37% |
| 2018 | 204,748 | 86,299 | 118,449 | 9.5 | 1% |
| 2019 | 158,204 | 238,142 | −79,938 | -0.6 | 18% |
| 2020 | 103,827 | 87,328 | 16,499 | 0.6 | 63% |
| 2021 | 279,574 | 187,518 | 92,056 | 6.2 | 32% |
| 2022 | 214,900 | 253,525 | −38,625 | 2.7 | 24% |
| 2023 | 181,760 | 271,956 | −90,196 | -1.4 | 22% |
In its most recent public year (2023), this organization spent $90,196 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-1.4 months), up from -2.8 in 2011. Staff pay was 22% 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
Festival Opera Association Inc'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