The Minnesota Opera
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$13,746,744
Contributions
60%
Program Services
19%
Other
11%
Investments
6%
Government Grants
4%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$12,624,503
Salaries & Benefits
63%
Other
22%
Offices, Occupancy & IT
6%
Fees to Service Providers
4%
Depreciation
4%
Advertising & Promotion
2%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$10,345,264
$8,227,997
-20%
Government Grants
$531,547
$561,987
+6%
Fundraising Events
$404,185
$0
-100%
Program Services
$2,504,682
$2,645,646
+6%
Membership Dues
$0
$0
-
Investments
$442,620
$808,357
+83%
Other
$2,458,143
$1,502,757
-39%
Total Revenues
$16,686,441
$13,746,744
-18%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$8,189,210
$7,984,042
-3%
Fees to Service Providers
$512,435
$483,893
-6%
Advertising & Promotion
$264,540
$198,327
-25%
Offices, Occupancy & IT
$909,080
$759,933
-16%
Interest
$23,722
$920
-96%
Depreciation
$439,648
$465,729
+6%
Other
$2,725,886
$2,731,659
+0%
Total Expenses
$13,064,521
$12,624,503
-3%
Net income
2023
2024
Change
Net income
+$3,621,920
+$1,122,241
-69%
Functional Expenses
Summary
2023
2024
Change
Program
$9,161,279
$9,117,065
0%
Admin
$2,514,695
$2,111,454
-16%
Fundraising
$1,388,547
$1,395,984
+1%
Total Expenses
$13,064,521
$12,624,503
-3%
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