DETROIT OPERA
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$17,012,919
Contributions
48%
Other
37%
Program Services
9%
Government Grants
6%
Investments
<1%
Fundraising Events
<1%
Membership Dues
0%
Expenses in 2024
$19,517,916
Salaries & Benefits
47%
Other
14%
Fees to Service Providers
12%
Offices, Occupancy & IT
12%
Depreciation
12%
Advertising & Promotion
2%
Interest
2%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$8,297,403
$8,151,654
-2%
Government Grants
$2,744,477
$1,000,000
-64%
Fundraising Events
$0
$1,000
-
Program Services
$2,759,892
$1,499,511
-46%
Membership Dues
$0
$0
-
Investments
$75,448
$107,585
+43%
Other
$6,920,017
$6,253,169
-10%
Total Revenues
$20,797,237
$17,012,919
-18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$9,093,577
$9,185,499
+1%
Fees to Service Providers
$2,479,327
$2,369,013
-4%
Advertising & Promotion
$751,332
$388,326
-48%
Offices, Occupancy & IT
$2,049,019
$2,290,469
+12%
Interest
$258,499
$345,140
+34%
Depreciation
$2,069,164
$2,255,175
+9%
Other
$4,316,162
$2,684,294
-38%
Total Expenses
$21,017,080
$19,517,916
-7%
Net income
2023
2024
Change
Net income
-$219,843
-$2,504,997
-1039%
Functional Expenses
Summary
2023
2024
Change
Program
$16,322,931
$15,358,124
-6%
Admin
$3,606,586
$3,313,672
-8%
Fundraising
$1,087,563
$846,120
-22%
Total Expenses
$21,017,080
$19,517,916
-7%
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