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A pandemic couldn t stop the St. Paul Chamber Orchestra from balancing its budget.
The orchestra recorded a surplus of $74,000 on operating expenses of $9.7 million for fiscal year 2020, which ended June 30, three months after COVID-19 abruptly cut short the season. Both revenue and expenses fell about 11% from the year before.
The financial results, touted Wednesday at the nonprofit s annual meeting, capture the beginning but not the brunt of the pandemic, which has battered performing arts organizations. The SPCO has wiped months of in-person concerts from its calendar, postponed highly-anticipated premieres and recently halted its livestreamed performances, as well.
The small surplus will feed a rainy day fund the SPCO has been building in recent years, bringing it to $762,000.