Merola Opera Program
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 6,068,606 | 2,184,603 | 3,884,003 | 120.9 | 14% |
| 2012 | 3,264,748 | 2,822,495 | 442,253 | 106.6 | 15% |
| 2013 | 3,071,623 | 2,706,966 | 364,657 | 118.7 | 16% |
| 2014 | 3,905,233 | 2,897,742 | 1,007,491 | 115.5 | 16% |
| 2015 | 4,179,291 | 2,913,252 | 1,266,039 | 109.6 | 17% |
| 2016 | 2,524,010 | 2,978,017 | −454,007 | 109.8 | 17% |
| 2017 | 4,294,081 | 3,244,658 | 1,049,423 | 108.7 | 16% |
| 2018 | 5,560,025 | 3,232,531 | 2,327,494 | 116.2 | 16% |
| 2019 | 3,688,885 | 4,070,188 | −381,303 | 92.0 | 15% |
| 2020 | 6,940,392 | 2,326,130 | 4,614,262 | 192.3 | 28% |
| 2021 | 6,981,878 | 3,227,194 | 3,754,684 | 162.0 | 22% |
| 2022 | 3,463,701 | 3,926,241 | −462,540 | 107.7 | 21% |
| 2023 | 5,285,149 | 3,756,624 | 1,528,525 | 124.6 | 21% |
In its most recent public year (2023), this organization brought in $1,528,525 more than it spent. Its reserves stood at about 124.6 months of spending, up from 120.9 in 2011. Staff pay was 21% of spending. $18,614,270 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
Merola Opera Program'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