LOS ANGELES OPERA COMPANY
Income Statement
Fiscal Year Start:
Jul 1
Revenues in 2024
$46,611,716
Contributions
56%
Program Services
30%
Other
4%
Investments
4%
Government Grants
4%
Fundraising Events
2%
Membership Dues
0%
Expenses in 2024
$51,141,852
Salaries & Benefits
71%
Other
13%
Offices, Occupancy & IT
7%
Fees to Service Providers
5%
Advertising & Promotion
2%
Interest
1%
Depreciation
<1%
Grants
<1%
Benefits to Members
0%
Revenues
2023
2024
Change
Contributions
$23,904,781
$25,926,454
+8%
Government Grants
$789,459
$1,854,809
+135%
Fundraising Events
$729,135
$842,065
+15%
Program Services
$10,238,813
$14,056,750
+37%
Membership Dues
$0
$0
-
Investments
$2,410,968
$1,959,815
-19%
Other
$1,634,146
$1,971,823
+21%
Total Revenues
$39,707,302
$46,611,716
+17%
Expenses
2023
2024
Change
Grants
$50,000
$75,000
+50%
Benefits to Members
$0
$0
-
Salaries & Benefits
$35,016,125
$36,501,563
+4%
Fees to Service Providers
$3,111,643
$2,534,920
-19%
Advertising & Promotion
$1,219,998
$1,104,030
-10%
Offices, Occupancy & IT
$3,212,670
$3,464,006
+8%
Interest
$280,336
$640,787
+129%
Depreciation
$446,740
$423,448
-5%
Other
$6,400,384
$6,398,098
0%
Total Expenses
$49,737,896
$51,141,852
+3%
Net income
2023
2024
Change
Net income
-$10,030,594
-$4,530,136
+55%
Functional Expenses
Summary
2023
2024
Change
Program
$40,574,329
$41,577,846
+2%
Admin
$4,437,065
$5,093,404
+15%
Fundraising
$4,726,502
$4,470,602
-5%
Total Expenses
$49,737,896
$51,141,852
+3%
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