VIRGINIA OPERA ASSOCIATION INC
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$4,986,364
Contributions
61%
Program Services
27%
Other
9%
Government Grants
3%
Investments
<1%
Fundraising Events
0%
Membership Dues
0%
Expenses in 2024
$5,586,649
Other
47%
Salaries & Benefits
42%
Offices, Occupancy & IT
6%
Advertising & Promotion
3%
Depreciation
1%
Fees to Service Providers
<1%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$2,653,600
$3,062,037
+15%
Government Grants
$1,296,146
$132,395
-90%
Fundraising Events
$0
$0
-
Program Services
$1,224,969
$1,336,757
+9%
Membership Dues
$0
$0
-
Investments
$0
$2,586
-
Other
$349,164
$452,589
+30%
Total Revenues
$5,523,879
$4,986,364
-10%
Expenses
2023
2024
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$2,206,813
$2,347,383
+6%
Fees to Service Providers
$393,228
$24,200
-94%
Advertising & Promotion
$184,175
$176,533
-4%
Offices, Occupancy & IT
$474,765
$323,745
-32%
Interest
$4,342
$8,302
+91%
Depreciation
$84,608
$77,145
-9%
Other
$1,813,143
$2,629,341
+45%
Total Expenses
$5,161,074
$5,586,649
+8%
Net income
2023
2024
Change
Net income
+$362,805
-$600,285
-265%
Functional Expenses
Summary
2023
2024
Change
Program
$3,661,849
$3,938,588
+8%
Admin
$1,105,159
$1,292,687
+17%
Fundraising
$394,066
$355,374
-10%
Total Expenses
$5,161,074
$5,586,649
+8%
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