General Director Anthony Freud announced some good financial news for Lyric Opera of Chicago on Monday: the company broke even in FY 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. Many opera companies in America would, no doubt, love to post the enviable financial results that Lyric continues to deliver year after year.
Lyric's 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.
Of that total, 71,074 tickets were sold for The Sound of Music, making it the top-selling production in Lyric history.
Fundraising results were also excellent: Lyric will surpass its $23.6 million annual fundraising campaign goal for the year.
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