Quick Orchestra Facts (2002-2003)
Economic Performance Improving While the economic climate of the 2002-03 season continued to be challenging for America's orchestras, fewer reported operating deficits than in 2001-02. And, there were additional signs of improvement. The average deficit for America's 1,200 orchestras decreased 22% from 2.7% of total expenses in 2001-02 to 2.1% 2002-03.
Concert Attendance Strong For the first time in several years, classical season attendance increased by about half a percent. Although total attendance at all orchestra concerts declined slightly to about 28 million in 2002-03, it was still higher than a decade ago.
Earned Revenue and Contributed Support Increased Total revenue was up 1% in 2002-03 over 2001-02. Ticket Sales and other earned income were virtually unchanged while Endowment income increased by more than 12%. Contributed income from private sources increased about 1% with the greatest increases in Individual and Corporate contributions. Government support (while accounting for less than 5% of orchestra revenues) declined dramatically by more than 16%.
Net Income Improved America's orchestras recorded revenue of $1.357 billion - the highest level in history and a one percent increase over 2001-02. The growth in expenses slowed significantly to .3% in 2002-03 as compared to a 2.4% increase in 2001-02.
Calculations are based on 192 member U.S. orchestras that participated in the League's 2002-03 Orchestra Statistical Survey. Unless otherwise noted, the amounts reported have been extrapolated to America's 1,200 adult orchestras. Information for the 600 collegiate and youth orchestras is not included.