Pittsburgh Opera INC EIN 25-1073139 Form 990 (PDF) Claim this org

Pittsburgh Opera INC

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Creates artistic and educational programs to engage and enrich the community. For fiscal year 2025 it reported $7.5M in revenue, $8.7M in expenses, and $33.7M in net assets.Pt I

Founded
1955
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Pittsburgh, PA
Website
www.pittsburghopera.org
Filings
6 on file (2020–2025)
Revenue
$7.5MFY2025
Expenses
$8.7M
Net assets
$33.7M
People
51
Filings
6
Updates
0
More identity details & actions ⌄
EIN  25-1073139 Public charity (501(c)(3)) Pittsburgh, PA Founded 1955
Form 990 (PDF)
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Figures match the IRS filing checked 8/16/26 · see original: IRS
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Size
$1–10M
What they do
Creates artistic and educational programs to engage and enrich the community.
Leadership
Christopher Hahn · General Director · $321K
Money in and out
$7.5M revenue, $8.7M expenses
Bottom line
60% program efficiency
Where the money goes · FY2025
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$8.7M
Pt IX · Ln 25
Net assets
$33.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$1.2M
Where spending went · Part IX cols B–D
Program services $0.60 Management & general $0.30 Fundraising $0.10
Program efficiency
60%
of spending reaches programs▼ -2% vs prior filing year
Operating runway
38.6mo
months of highly liquid reserves at operating expense rate▲ +3% vs prior filing year
Surplus margin
-17%
revenue over expenses, this year▲ +28% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$7.5M
FY2025▲ +6%
Expenses
$8.7M
FY2025▲ +0.5%
Total assets
$34.2M
FY2025▲ +0.5%
Total liabilities
$473K
FY2025▼ -37%
Total revenue
$7.5M
Pt VIII · Ln 12
Total expenses
$8.7M
Pt IX · Ln 25
Net assets
$33.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$1.2M
Total assetsPt X · Ln 16$34.2M
Program-expense ratioPt IX · col B60%
Voting members of governing bodyPt I · Ln 343
Independent voting membersPt I · Ln 442
Mission & Programs · Part III

Where the work happens

3 program services account for $5.1M of program spending, described in the organization's own filed words · FY2024.
01

Pittsburgh opera's core programming initiative is the fostering, development and support of music and opera along with the presentation of productions in a variety of musical and dramatic styles, drawn from the complete operatic repertoire.

$3.9Mprogram expense
02

Pittsburgh opera's resident artist training program is an intensive program designed to develop the talents of emerging vocal artists and stage directors. The program provides practical experience to these artists through performances in the opera's mainstage productions as well as two resident artist productions.

$1.0Mprogram expense
03

Pittsburgh opera's education programs are designed to bring opera closer to the community and to broaden understanding of and enthusiasm for the art form among people of all ages. Programming includes lectures, demonstrations, staged performances, workshops, concerts and recitals that introduce opera to students from grades pre-k to…

$195Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPittsburgh Opera INC
EINHdr · item D25-1073139
Principal addressHdr · item CPittsburgh, PA
WebsiteHdr · item Jwww.pittsburghopera.org
Year of formationHdr · item L1955
State of legal domicileHdr · item MPA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A6A0)
Ruling yearIRS BMFJul 1955

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a43
Independent voting membersPt VI · Ln 1b42
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
General Director
$321,009Pt VII · Sec A
Managing Director
$160,013Pt VII · Sec A
Director of Development
$136,385Pt VII · Sec A
Director of Markteing
$112,651Pt VII · Sec A
Director of Production
$104,655Pt VII · Sec A
Idea and Community Initiative
$103,016Pt VII · Sec A
Board Member (exit 12/24)
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Christopher Hahn$321,009$311,196$305,093$353,767$254,121$275,686
Michael Braxton$170,746$167,504
Robert Rak$160,013$107,524$107,266$88,954$84,912
Rachel Kisic$136,385
Christian Cox$112,651$110,045$107,336
Robert Rakdir of Finthru$105,998
Steve Grair$104,655
Rebekah Diaz Director of$103,016$101,059

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants$4.7M · 63%
Investment income$1.3M · 17%
Program service revenue$1.2M · 16%
Other revenue$290K · 4%
Contributions & grants63%$4.7M
Investment income17%$1.3M
Program service revenue16%$1.2M
Other revenue4%$290K
— government grantsLn 1e$907K
Total revenueLn 12$7.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.60 Management & general $0.30 Fundraising $0.10
Program services60%$5.2M
Management & general30%$2.6M
Fundraising10%$875K
Total functional expensesLn 25$8.7M

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$34.2M
Total liabilitiesLn 26$473K
Total net assetsLn 32$33.7M
Months of cash on handcomputed2.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $27.5M · Operating expenses (Pt IX) $8.7M · Less non-cash grants $136K · Cash operating expenses/yr $8.6M
38.6 months
Where the money goes
Program services
Program services $5.2M · Total expenses $8.7M
60%
Management & General
Management & general $2.6M · Total expenses $8.7M
30%
Fundraising
Fundraising $875K · Total expenses $8.7M
10%
Cost to raise $1
Fundraising expense (3-yr avg) $952K · Solicited contributions (3-yr avg) $4.2M
$0.23 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $4.7M · Total revenue $7.5M
63%
Government reliance
Government grants $907K · Total revenue $7.5M
12%
Earned-income share
Program service revenue $1.2M · Total revenue $7.5M
16%
Investment reliance
Investment income $1.3M · Total revenue $7.5M
+17%
Program self-sufficiency
Program service revenue $1.2M · Total expenses $8.7M
14%
Growth & trend
Revenue growth (YoY)
This year $7.5M · Prior year $7.0M
+6%
Revenue CAGR
FY2019 $7.9M · FY2024 $7.5M
-1%
Net-asset trend (YoY)
End of year $33.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $7.5M · Expenses $8.7M
-17%
Liabilities-to-Assets
Total liabilities — · Total assets $34.2M
Net-asset ratio
Net assets $33.7M · Total assets $34.2M
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24.9M · Other securities (Pt X, ln 12) $847K · Total assets (Pt X, ln 16) $34.2M
75%
People & payroll
Highest Reported Total Compensation
Individual Christopher Hahn · Reported title GENERAL DIRECTOR · Highest reported compensation $321K · Total expenses $8.7M
4%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.1M · Total expenses $8.7M
59%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 60%
Overhead ratio 30%
Fundraising cost ratio 19%
Revenue growth 6%
Investment management fee ratio 0.4%
Accounting fee ratio 0.5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 37 funders →
Grants paid · 6 grants · $1.1M · 2019–2024
Unitemized GrantFY2024$226,136
Unitemized GrantFY2023$174,634
Unitemized GrantFY2022$219,129
Unitemized GrantFY2021$191,801
Unitemized GrantFY2020$130,500
Unitemized GrantFY2019$121,868

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$7.5M revenue · viewing · ⤓ 990 PDF
FY2024$7.0M revenue · ⤓ 990 PDF
FY2023$7.3M revenue · ⤓ 990 PDF
FY2022$15.1M revenue · ⤓ 990 PDF
FY2021$6.2M revenue · ⤓ 990 PDF
FY2020$7.9M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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