Nonprofit Theaters See Financial Upswing

April 20, 2010, Philanthropy Journal — The curtain may be rising on better times for nonprofit theaters, two reports say.

Two-thirds of theaters that ended their fiscal year in fall and winter expect to have roughly met or exceeded their budget, as do 71 percent of theaters that will end their fiscal year in spring or summer, says the first report by Theatre Communications Group.

And 70 percent of theaters say they are in better shape than they were a year ago, although their progress is the result of retrenchment, says a separate report by the organization, a professional group for nonprofit theaters.

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