Buffalo Philharmonic posts surplus

Posted on: January 31, 2012

In Thursday’s (1/26) Buffalo Business First (New York), James Fink reports, “A combination of factors including an upswing in ticket sales helped the Buffalo Philharmonic Orchestra finish its 2010-2011 fiscal year with a $46,000 surplus. For the year, in which the BPO marked its 75th anniversary, the orchestra played to 172,955 people at 119 concerts ranging from traditional classics performances at Kleinhans Music Hall to shows at Artpark and ones at high schools under its outreach effort to younger residents and students. Attendance for youth and education concerts topped 40,000, noted Dan Hart, BPO executive director. For the BPO’s fiscal year, which ended on Aug. 31, it reported revenues of $9.9 million, according to its audited financial report released on Jan. 25. By comparison, the orchestra reported $10.033 million in revenues during the 2009-2010 season. Hart attributed the drop off to a decrease in public sector funding and the one-time revenues generated from the orchestra’s spring 2010 concert tour in Florida. … On the negative side, the orchestra is grappling with decreases in governmental support and diminishing corporate dollars. … Still, half way through its current fiscal year, Hart said he is seeing some positive trends. Subscription sales have hit an all-time high, topping the $1.75 million mark.”

Posted January 31, 2012