This story has been updated to clarify the Symphony's performance revenues.
The Seattle Symphony Orchestra cut expenses by $1.6 million in the 2011-2012 season, ending the year with a positive net operating revenue of $53,000.
That was a turnaround after three prior years of losses, officials said Monday at the Symphony's annual meeting. The organization ended the year with $24.52 million in revenue, up $3.6 million from the previous year. Expenses totaled $24.46 million, with 84 percent of spending…
This story has been updated to clarify the Symphony's performance revenues.
The Seattle Symphony Orchestra cut expenses by $1.6 million in the 2011-2012 season, ending the year with a positive net operating revenue of $53,000.
That was a turnaround after three prior years of losses, officials said Monday at the Symphony's annual meeting. The organization ended the year with $24.52 million in revenue, up $3.6 million from the previous year. Expenses totaled $24.46 million, with 84 percent of spending…