The Santa Fe Opera: $37.3M Revenue, $31.0M Expenses

The composite efficiency score of 55/100 puts The Santa Fe Opera at C — neither standout nor failing. Some factors run above the median (often reserves) while others run below (often revenue stability or officer-comp ratio).

At $37.3M in 2023 revenue, The Santa Fe Opera 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. On the financial-health factor, The Santa Fe Opera runs thin — assets relative to annual spending fall below the cushion nonprofit-finance experts typically recommend.

Revenue trend is mildly positive across the five-year filing window — modest growth, consistent with stable funding sources keeping pace with organizational costs. Compensation for current officers and key employees runs $1.0M against $37.3M in revenue — within the band third-party charity raters typically consider reasonable for an organization of this size and complexity. This is an aggregate across all listed officers, not a single executive's salary. The Santa Fe Opera 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.