Sarasota Opera Association Inc

Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$16,304,896
Contributions
70%
Program Services
22%
Other
5%
Investments
2%
Government Grants
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$10,554,868
Salaries & Benefits
55%
Other
15%
Offices, Occupancy & IT
15%
Depreciation
8%
Advertising & Promotion
4%
Interest
2%
Fees to Service Providers
1%
Grants
<1%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$4,153,685
$11,464,093
+176%
Government Grants
$237,908
$95,925
-60%
Fundraising Events
$0
$80,926
-
Program Services
$3,608,610
$3,617,865
+0%
Membership Dues
$0
$0
-
Investments
$288,595
$287,195
0%
Other
$631,717
$758,892
+20%
Total Revenues
$8,920,515
$16,304,896
+83%
Expenses
2024
2025
Change
Grants
$14,000
$15,000
+7%
Benefits to Members
$0
$0
-
Salaries & Benefits
$5,149,700
$5,846,626
+14%
Fees to Service Providers
$126,541
$143,392
+13%
Advertising & Promotion
$330,772
$400,844
+21%
Offices, Occupancy & IT
$1,602,506
$1,532,775
-4%
Interest
$207,917
$160,200
-23%
Depreciation
$826,309
$835,664
+1%
Other
$1,547,229
$1,620,367
+5%
Total Expenses
$9,804,974
$10,554,868
+8%
Net income
2024
2025
Change
Net income
-$884,459
+$5,750,028
-750%
Functional Expenses
Summary
2024
2025
Change
Program
$7,244,592
$7,830,337
+8%
Admin
$1,878,280
$1,964,432
+5%
Fundraising
$682,102
$760,099
+11%
Total Expenses
$9,804,974
$10,554,868
+8%
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