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Home » Orchestra News » Cleveland Orchestra Achieves Balanced Budget

Cleveland Orchestra Achieves Balanced Budget


For the first time since 2015, the Cleveland Orchestra ended its 2019 fiscal year in the black, with a surplus of $24,000 on its $53 million budget. The strong financial position this year is attributed to new trustees, a larger endowment draw, and a significant number of unrestricted bequests.

The orchestra’s endowment increased by $14.2 million, to a total of $205.7 million; the organization’s goal is an endowment of $350 million. In addition, average attendance hit a record high and single-ticket sales increased 6.1%. The Cleveland Orchestra also consistently draws a young audience, with 20% under 25 years of age.

Cleveland Orchestra musicians are members of Local 4 (Cleveland, OH).

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