07.18.2012

NYC Opera Stages a Dramatic Financial Turnaround

Just six months ago, the New York City Opera came close to a tragic end. Now the 68-year-old opera company is triumphing with its new act.

This spring, in the first season after its departure from Lincoln Center, it presented 16 performances of four operas at a number of venues. Every show sold out. And despite months of negative press and contentious labor negotiations, the nonprofit met its fundraising goal, bringing in $11.5 million in donations. Better yet, the long-struggling company ended its fiscal year on June 30 with its first balanced budget in 12 years.

THE SUCCESS OF THIS PAST SEASON IS A TESTAMENT TO CITY OPERA’S RESILIENT LEADERSHIP, COMMITMENT TO HIGH-QUALITY PROGRAMMING AND CAPACITY TO ATTRACT NEW, DIVERSE    AUDIENCE.

KATE LEVIN, NYC COMMISSIONER, DEPARTMENT OF CULTURAL AFFAIRS

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