Detroit Symphony Orchestra
For the 2015-2016 season, the Detroit Symphony Orchestra (DSO) yesterday announced an operating surplus for a fourth consecutive year, worth $130,000. This achievement comes following annual operating contributions of $18.2 million, exceeding the budget goal of $17.1 million by over one million dollars. This is the fifth consecutive year of increased individual giving ($5.6 million). An additional $5.1 million in gifts was added to the endowment. Subscription sales growth (15,101 subscriptions), and gross ticket revenue grew 3.7 percent to $6.26 million, meaning attendance is the highest it has been in recent years.
“In my first year as Chairman of the DSO Board of Directors, it’s become clear that we have a remarkable story to tell—including the impact we have on our community today and how we play an important role in the bright future of our city,” Mark A. Davidoff said. “The stability of a fourth consecutive balanced budget enables us to think even bigger. Detroit is making a comeback as a world-class city. Looking to the future, the DSO will double-down on its commitment to Detroit, while also continuing to represent our city globally through Live from Orchestra Hall webcasts and our first international tour in 16 years next summer to China and Japan.”
