990 Scout/ Detroit Opera/ Financials

Financial Information for Detroit Opera

Detroit Opera's annual revenue was $15.4M in tax year 2024, reported on their IRS Form 990. They spent $21.0M in total expenses. 82% went to programs and services.

Financial Breakdown

What is Detroit Opera's total annual expenses?

Detroit Opera spent $21.0M in tax year 2024, according to their IRS Form 990 filing.

How much of Detroit Opera's budget goes to programs?

Detroit Opera spent $17.2M (82% of expenses) on programs and services in tax year 2024.

How much does Detroit Opera spend on overhead?

Detroit Opera's overhead in tax year 2024 includes administrative (10%) and fundraising (9%) of their expenses.

What is Detroit Opera's net worth?

Detroit Opera had net assets of $34.6M as of the end of tax year 2024.

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All figures are reported on the organization's IRS Form 990 filing and are public record. Revenue and expense data come from Form 990 Part I, and asset data comes from the balance sheet section. These are filed amounts as reported by the organization.