MINNEAPOLIS (AP) — The Guthrie Theater is reporting a surplus for the fiscal year that saw the Minneapolis theater’s first leadership change in 20 years.
At its annual meeting Monday, the Guthrie reported a surplus of $24,000 on a budget of $29 million for fiscal year 2014-15.READ MORE: Minnesota Judge Among Possible Top Supreme Court Contenders
The Guthrie says the results indicate a strong overall financial health for the nonprofit theater.READ MORE: Liddell Leads Buckeyes Past Gophers, 75-64
Artistic director Joe Dowling stepped down last summer after leading the Guthrie for two decades. Dowling turned over control to Joseph Haj of PlayMakers Repertory Theatre in Chapel Hill, North Carolina.
The Guthrie says its budget for the last fiscal year expanded by $3.2 million, or 12 percent, from the previous year as earned revenue rose by 8 percent. Total attendance for the year grew by 6 percent.MORE NEWS: Minnesota Weather: Friday Kicks Off Stretch Of Warmer Days
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