CLEVELAND (AP) — The Cleveland Orchestra says it's in solid financial shape this year thanks in part to record donations and special ticket programs targeting youth.
The Plain Dealer newspaper (http://bit.ly/Ix1mxW ) says the orchestra's annual report, released this week, brought almost entirely good news for the first time in years. The organization reported a balanced budget, a $22 million revenue increase and growth in both its audience and its endowment.
It attributes some of the higher revenue to ticket programs targeting students and programs for youth to get free admission with paying adults.
Attendance was slightly higher for Blossom Music Center performances. The orchestra also benefited from record-setting philanthropy with $10.1 million in gifts to its annual fund in the 2013 fiscal year and $33.5 million in pledges and other donations.
Information from: The Plain Dealer, http://www.cleveland.com