ARIZONA OPERA COMPANY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$6,650,102
Contributions
65%
Program Services
20%
Other
7%
Fundraising Events
6%
Government Grants
2%
Investments
<1%
Membership Dues
0%
Expenses in 2024
$8,223,670
Salaries & Benefits
46%
Other
17%
Fees to Service Providers
16%
Offices, Occupancy & IT
10%
Depreciation
5%
Advertising & Promotion
5%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,804,334
$4,299,705
+53%
Government Grants
$1,204,648
$121,530
-90%
Fundraising Events
$263,195
$370,370
+41%
Program Services
$1,359,894
$1,337,000
-2%
Membership Dues
$0
$0
-
Investments
$47,424
$61,860
+30%
Other
-$152,077
$459,637
-402%
Total Revenues
$5,527,418
$6,650,102
+20%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$3,872,381
$3,812,882
-2%
Fees to Service Providers
$1,270,713
$1,306,981
+3%
Advertising & Promotion
$407,129
$372,174
-9%
Offices, Occupancy & IT
$659,539
$811,439
+23%
Interest
$602
$76,018
+12528%
Depreciation
$422,855
$448,391
+6%
Other
$2,241,854
$1,395,785
-38%
Total Expenses
$8,875,073
$8,223,670
-7%
Net income
2023
2024
Change
Net income
-$3,347,655
-$1,573,568
+53%
Functional Expenses
Summary
2023
2024
Change
Program
$6,537,983
$5,744,207
-12%
Admin
$1,851,006
$1,754,708
-5%
Fundraising
$486,084
$724,755
+49%
Total Expenses
$8,875,073
$8,223,670
-7%
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