Knoxville Symphony’s balanced budget, fourth year running

Posted on: August 13, 2010

The Knoxville Symphony Orchestra in Tennessee announced that it concluded its 2010 fiscal year with a surplus of $21,000, marking the fourth consecutive year the orchestra has operated with a balanced budget. The KSO’s fiscal year runs from June 1 to May 31; its operating budget is $3.2 million. In a statement, Executive Director Rachel Ford said the KSO board contributed to an 8 percent growth in gifts to the orchestra, and that the KSO’s pops season saw 88 percent paid capacity, with record-breaking revenues from the KSO’s Clayton Holiday Concert. “Our generous community demonstrated the degree to which it embraces the KSO and believes in the programs and educational offerings we provide throughout East Tennessee,” said Ford. “The Symphony is deeply grateful for this support.” Under Music Director Lucas Richman, the orchestra will open its 75th season on September 9 with a collaborative performance of Peter Shaffer’s play Amadeus at the Clarence Brown Theatre, a co-presenter of the event, with Richman conducting; Calvin MacLean, producing artistic director of the Brown Theatre, is directing the production. The KSO’s first Masterworks concert, at the Tennessee Theatre on September 23, will be an all-Tchaikovsky program.

Posted August 13, 2010