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Home » Orchestra News » Philadelphia Orchestra Announces Strong Fiscal Year

Philadelphia Orchestra Announces Strong Fiscal Year


The Philadelphia Orchestra ended its 2014 fiscal year with a small surplus of $670,000 on its $39.6 million budget, showing the orchestra’s turnaround since emerging from Chapter 11 bankruptcy two years ago.

The 2013-2014 season was a great success for the orchestra. Ticket revenue was up from previous seasons—$14.1 million, compared to $11.4 million in 2010—due to both an increase in ticket prices and an increase in the number of tickets sold. The annual fund has grown from $8.9 million in 2010 to $11.8 million in 2014, and the orchestra is aiming for $14.7 million in the current year. Finally, in 2013-2014, the board gave a total of $2.6 million, the largest amount it has ever contributed.

Since its 2009-2010 season, The Philadelphia Orchestra has raised $69 million toward its “transformation fund,” which is intended to cover the gap between income and expenses, ensuring that the orchestra does not run deficits. Now, the organization hopes that transformation fund donors will turn their attention toward endowment giving. The Philadelphia Orchestra’s current endowments total $133.8 million.

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