“The Indianapolis Symphony Orchestra on Monday afternoon reported its third straight annual budget surplus, thanks to a rise in ticket sales and steady fundraising,” states an unbylined article in Monday’s (12/7) Indianapolis Business Journal. “The ISO said it took in $23.8 million in operating revenue during the 2014-2015 fiscal year, which ended Aug. 31, while realizing expenses of $22.9 million. The budget surplus of $900,000 topped last year’s $266,000 and $236,000 in the 2012-13 fiscal year. The ISO operated in the red for five consecutive years before reporting the 2012-13 surplus. Operating revenue in the latest fiscal year was up about $300,000 from the previous year while expenses fell 1 percent.… Income from ticket sales increased 8 percent over the previous year thanks to a 24 percent jump in the number of ticket subscriptions. Student ticket sales rose, with a total of 9,014 tickets sold in 2014-15, a 33 percent increase over the previous year. Summer concert series Marsh Symphony on the Prairie saw a 7 percent rise in ticket sales. Fundraising slipped slightly, to $9.25 million, down from $9.73 million last year and a record $10.67 million in fiscal 2012-13.”
Posted December 8, 2015
