Opera Saratoga has announced that its ended its 2019 fiscal year, which ended on Sept. 30, 2019, with a surplus.
Per a press release, the company saw a total revenue of $1.271 million with expenses of $1.193 million. This surplus of over $77,000 will be utilized to future programming activity as well as to pay off the company’s previously accumulated debt.
Opera Saratoga also announced that it saw an increase in ticket sales revenue of over 60 percent over the past five years with its philanthropic support growing by over 250 percent in that span.
“Compelling programming is the key to support – whether it be from individuals, foundations, government or corporations,” stated Artistic and General Director Lawrence Edelson during a meeting with members of the community earlier this year. “This is why we continue to put the artistic integrity of our programs, and our commitment to education and community engagement, first and foremost. We are deeply grateful for the ongoing and generous support that makes Opera Saratoga’s programs possible.”
The company’s 2020 Summer Festival will feature “The Pirates of Penzance,” the New York Premiere of “Sky on Swings” and “Madama Butterfly.” The company will also showcase Rossini’s “Petite Messe Solennelle.