The Toronto Symphony Orchestra held its annual general meeting last week, and board chair Christopher Hodgson had the happy task of reporting that the TSO’s operating expenses for the 2013/2014 season were $23,717,860 with revenues of $23,940,189—so the orchestra ended the June 30, 2014 fiscal year with a surplus of $222,329.
The season was marked by the release of the TSO’s first recording of a multi-disc agreement with Chandos Records and a fully-funded August 2014 European Tour. And, as the TSO’s media release says, “the appointment of Jeff Melanson as TSO President & CEO marks the beginning of a new phase of innovation and growth for the organization.”
For the 2013/2014 season, earned revenue from ticket sales represented 37% of total revenue; fundraising and special events represented 28%; government operating grants represented 22%; gifts from the Toronto Symphony Foundation represented 9%; and touring and other sources accounted for 4%. Fundraising revenues (including special events) increased $687,723 over fiscal 2013, and revenue from ticket sales increased $419,075 over fiscal 2013.
These numbers gain meaning when considered in the context of the orchestra’s overall level of activity: during the season, the TSO presented 132 performances for the community: 126 at Roy Thomson Hall, three at the George Weston Recital Hall, two free events in partnership with the Luminato Festival and one free concert in Regent Park’s Central Park to celebrate its official opening. Attendance at TSO concerts at Roy Thomson Hall and George Weston Recital Hall totaled 257,108. Thirty-two artists made their TSO débuts, and the TSO performed two world premières, one North American première, and 11 Canadian premières; two of these were TSO-commissioned works.