Financial Report

For the thirteenth consecutive season, Cincinnati Ballet ended the fi scal year with an operating surplus thanks to the generosity of the Greater Cincinnati community. Fiscal responsibility and careful stewardship of the support we receive are of the utmost importance to the Cincinnati Ballet. Cincinnati Ballet’s operating income for the 2019-2020 Season was $9.3 million, and total organization expenses including capital and non-operating activities were $10.0M. For every dollar the organization received, 71% was spent on artistic initiatives, 24% to administrative costs, and 5% supported fundraising. Cincinnati Ballet strives to present the highest level of artistic excellence while maintaining world class administrative teams.

Cincinnati Ballet continues to grow an endowment to provide organizational stability. As of July 31, 2020, the endowment market value was $12.6M. During the 2019-2020 Season the endowment contributed $2.5M towards the new home for the Ballet. As Cincinnati Ballet looks toward the future, we embrace a strategic perspective that includes artistically vibrant ballet productions and continued sustainable growth of the endowment.