Monday (11/7) in a Portland Monthly blog post, Anne Adams reports, “The Oregon Symphony’s Board of Directors approved audited financial statements for the year ending June 30, 2011 which show that the season produced a net surplus of $192,000. The financial results mirrored the artistic accomplishments of the 2010/11 season, the eighth under the musical direction of Carlos Kalmar. As President Elaine Calder noted … ‘It was an extraordinary year and one that feels like a real turning point. For the second year in a row revenues have exceeded expenses, despite the additional cost of taking the orchestra to New York’s Spring for Music festival and making a recording of the Carnegie program.’ The program, Music for a Time of War, which included Ives’ The Unanswered Question, Adams’ The Wound Dresser, Britten’s Sinfonia da Requiem and Vaughan Williams’ Symphony No. 4, was recorded on the PentaTone label and released last week. … These artistic highlights drove financial numbers that were extremely encouraging, especially during these challenging economic times. Ticket revenue of $5.7 million was up 5% over the previous year with a 6% increase in the number of tickets sold (130,530). Contributed income of $7.4 million was down slightly year over year by 5%, attributable primarily to the effects of the recession on endowment returns and fewer bequests.”
Posted November 9, 2011
