TOLEDO OPERA ASSOCIATION
Income Statement
Fiscal Year Start:
Jun 1
Revenues in 2025
$1,405,061
Contributions
59%
Program Services
19%
Other
9%
Investments
9%
Government Grants
4%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2025
$1,293,531
Other
45%
Salaries & Benefits
27%
Fees to Service Providers
13%
Offices, Occupancy & IT
10%
Advertising & Promotion
5%
Depreciation
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$1,002,450
$822,864
-18%
Government Grants
$199,901
$57,798
-71%
Fundraising Events
$53,164
$7,778
-85%
Program Services
$334,809
$271,607
-19%
Membership Dues
$0
$0
-
Investments
$108,727
$121,262
+12%
Other
$4,153
$123,752
+2880%
Total Revenues
$1,703,204
$1,405,061
-18%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$392,970
$351,345
-11%
Fees to Service Providers
$195,887
$162,231
-17%
Advertising & Promotion
$62,691
$62,030
-1%
Offices, Occupancy & IT
$179,770
$125,485
-30%
Interest
$10,487
$7,462
-29%
Depreciation
$9,644
$8,198
-15%
Other
$656,274
$576,780
-12%
Total Expenses
$1,507,723
$1,293,531
-14%
Net income
2024
2025
Change
Net income
+$195,481
+$111,530
-43%
Functional Expenses
Summary
2024
2025
Change
Program
$976,192
$858,849
-12%
Admin
$411,920
$355,124
-14%
Fundraising
$119,611
$79,558
-33%
Total Expenses
$1,507,723
$1,293,531
-14%
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