Merola Opera Program
Income Statement
Fiscal Year Start:
Oct 1
Revenues in 2024
$7,832,495
Other
51%
Contributions
26%
Investments
17%
Fundraising Events
4%
Program Services
1%
Government Grants
<1%
Membership Dues
0%
Expenses in 2024
$3,997,886
Other
59%
Salaries & Benefits
21%
Fees to Service Providers
9%
Grants
4%
Advertising & Promotion
4%
Offices, Occupancy & IT
3%
Depreciation
<1%
Benefits to Members
0%
Interest
0%
Revenues
2023
2024
Change
Contributions
$3,350,538
$2,047,641
-39%
Government Grants
$90,075
$60,075
-33%
Fundraising Events
$89,761
$294,074
+228%
Program Services
$123,688
$113,728
-8%
Membership Dues
$0
$0
-
Investments
$1,207,212
$1,299,992
+8%
Other
$423,875
$4,016,985
+848%
Total Revenues
$5,285,149
$7,832,495
+48%
Expenses
2023
2024
Change
Grants
$187,553
$164,894
-12%
Benefits to Members
$0
$0
-
Salaries & Benefits
$882,026
$835,605
-5%
Fees to Service Providers
$310,717
$348,974
+12%
Advertising & Promotion
$121,034
$147,044
+21%
Offices, Occupancy & IT
$128,576
$131,596
+2%
Interest
$0
$0
-
Depreciation
$2,584
$6,285
+143%
Other
$2,124,134
$2,363,488
+11%
Total Expenses
$3,756,624
$3,997,886
+6%
Net income
2023
2024
Change
Net income
+$1,528,525
+$3,834,609
+151%
Functional Expenses
Summary
2023
2024
Change
Program
$2,538,170
$2,736,877
+8%
Admin
$553,821
$768,167
+39%
Fundraising
$664,633
$492,842
-26%
Total Expenses
$3,756,624
$3,997,886
+6%
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