Anthony Freud, general director of Lyric Opera of Chicago, announced yesterday that the company is reporting a breakeven operating performance for fiscal year 2014. Lyric has operated in the black for 26 of the past 27 years-a record among the country’s not-for-profit music and performing-arts companies.
Ticket revenue is $28.8 million for fiscal year 2014-up significantly from $26.6 million the previous year. Both subscription and individual-ticket sales increased, with a total of 284,440 tickets being sold-an 8 % increase over the previous season.
Fundraising results were also excellent. Lyric will surpass its $23.6 million annual fundraising campaign goal. In addition to its annual campaign, Lyric receives support from its annual endowment draw and its new Breaking New Ground fund.
