Los Angeles Opera Company: $39.7M Revenue, $49.7M Expenses

Los Angeles Opera Company pulls a D on the efficiency rubric. The composite of 47/100 reflects below-median performance on the bundle of factors — typically driven by thin operating reserves, volatile revenue, or outsized officer compensation relative to organizational size.

At $39.7M in 2023 revenue, Los Angeles Opera Company sits in the mid-range of the U.S. nonprofit distribution. Most organizations of this scale operate regionally or focus on a single program area. Operating reserves at Los Angeles Opera Company are adequate: the balance sheet covers a reasonable share of annual expenses, though not a deep multi-year cushion.

Five-year revenue trend is mildly negative: a modest decline that could reflect grant-cycle timing, donor turnover, or program wind-down. Worth checking against the program-spending pattern to see whether the decline is structural. Officer compensation runs notably high relative to organizational size: $3.6M against $39.7M in revenue. This is one of the factors driving the efficiency grade down on the rubric. Los Angeles Opera Company sits in the cultural-nonprofit sector (Arts, Culture & Humanities). Museum, performing-arts, and cultural organizations carry distinctive financial patterns — earned revenue from ticket sales and admissions, plus a heavy reliance on endowment income and major donor cycles.