“The Indianapolis Symphony Orchestra experienced its fifth straight year of record ticket sales during the 2016-17 season while meeting budget projections for the fourth time in five years,” states an unsigned article in Wednesday’s (12/5) Indianapolis Business Journal. “The not-for-profit Indiana Symphony Society, which oversees the ISO, announced Tuesday that it enjoyed a $27,000 budget surplus in the fiscal year ended Aug. 31. Total revenue came in at just more than $26 million and total expenses were slightly under the $26 million mark. The society bounced back from an operating loss of $561,000 in the 2015-16 fiscal year…. Earned revenue rose to $11.8 million, up from $9.6 million the previous year, thanks mostly 21 percent increase in ticket revenue. Ticket sales rose to $10.7 million, compared with $8.7 million the year before. Season subscription ticket sales in 2017 increased 3 percent over 2016.… ISO fundraising for the 2017 fiscal year brought in $8.9 million, about $182,000 less than the previous year.… The ISO expects to announce a new CEO … to replace Gary Ginstling, who announced his departure in June to become executive director of the National Symphony Orchestra.”
Posted December 6, 2017
