Just two years ago, the Columbus Symphony Orchestra faced a $1.5 million deficit, with no operating reserves, no line of credit, and a negative cash flow and balance sheet. Through a partnership with the Columbus Association for the Performing Arts (CAPA), the CSO now saves nearly $750,000 annually in administrative costs. In 2010, the orchestra showed its first positive balance sheet since 2006 and for the past two seasons has finished in the black.
Learn more about their journey in the video The Columbus Symphony: A Portrait in Stabilization at americanorchestras.org.
Posted March 20, 2012