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Home » Orchestra News » Cleveland Orchestra in the Black

Cleveland Orchestra in the Black


In fiscal year 2014, The Cleveland Orchestra was in the black for the first time since 2001, with a $1 million surplus on its $47.8 million budget.

The orchestra saw improved audience numbers in the 2013-2014 season, including a slight increase at its main series at Severance Hall and a dramatic 11% increase at Blossom Music Center, which was attributed to a Beatles tribute concert, an appearance by Yo-Yo Ma of Local 802 (New York City), and a free concert night. Throughout the season, 200 people took advantage of The Cleveland Orchestra’s new program admitting patrons 18 and under for free.

The endowment grew by $22 million, to a total of $172 million, the highest level it has ever reached. Annual fund gifts totaled $10.6 million, also a record high.

In order to close the gap between revenue and expenses, The Cleveland Orchestra embarked on a special fundraising campaign, which succeeded in raising $8.4 million. It hopes to eliminate the need for special fundraising in the current season.

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