This just in from St Louis Symphony, America’s second oldest orchestra (est.1880):
The FY15 numbers reflected continued progress, showing the most promising financial results in at least 15 years.
• The operating deficit was $1.6m, an improvement of $583k compared to the FY14 operating deficit of $2.2m. It’s the smallest deficit in at least 15 years for the St. Louis Symphony. The planned deficit is being funded by special donor contributions and the Symphony carries no accumulated deficits from prior years.
• Regular operating revenues totaled $26.6m, up from $26.1m in FY14 by 2.2%.
• Total expenses were flat with FY14 at $28.3m.
There’s still an operating deficit…