SEATTLE OPERA
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2025
$22,169,865
Contributions
47%
Program Services
36%
Other
6%
Fundraising Events
5%
Government Grants
3%
Investments
2%
Membership Dues
0%
Expenses in 2025
$25,284,095
Salaries & Benefits
56%
Fees to Service Providers
13%
Offices, Occupancy & IT
10%
Other
9%
Advertising & Promotion
7%
Depreciation
5%
Interest
<1%
Grants
0%
Benefits to Members
0%
Revenues
2024
2025
Change
Contributions
$5,113,646
$10,486,807
+105%
Government Grants
$204,330
$665,023
+225%
Fundraising Events
$2,634,426
$1,081,558
-59%
Program Services
$6,026,826
$8,029,564
+33%
Membership Dues
$0
$0
-
Investments
$610,430
$534,322
-12%
Other
$1,406,450
$1,372,591
-2%
Total Revenues
$15,996,108
$22,169,865
+39%
Expenses
2024
2025
Change
Grants
$0
$0
-
Benefits to Members
$0
$0
-
Salaries & Benefits
$12,486,942
$14,103,425
+13%
Fees to Service Providers
$3,107,151
$3,317,548
+7%
Advertising & Promotion
$1,420,948
$1,701,858
+20%
Offices, Occupancy & IT
$2,320,700
$2,493,979
+7%
Interest
$202,563
$184,184
-9%
Depreciation
$1,187,827
$1,186,074
0%
Other
$1,995,815
$2,297,027
+15%
Total Expenses
$22,721,946
$25,284,095
+11%
Net income
2024
2025
Change
Net income
-$6,725,838
-$3,114,230
+54%
Functional Expenses
Summary
2024
2025
Change
Program
$17,713,370
$19,939,092
+13%
Admin
$3,680,143
$3,870,439
+5%
Fundraising
$1,328,433
$1,474,564
+11%
Total Expenses
$22,721,946
$25,284,095
+11%
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