Sigh.
As has been stated, with a not-for-profit production, there are no profits or losses (in the commercial sense), which is why it can't be a hit or a flop and why you can't really say that it made or lost money. Not-for-profit economics are complicated to explain, but there are no investors to pay back, they simply have a budget made up from a combination of public and private donations, income from subscriptions and individual sales to the public. Some of that money is used to mount productions, but some is used to pay for salaries of staff, rents, capital improvements, office and utility costs, insurance, etc... plus money is set aside for the theatre's endowment. At the end of the year, any money that ticket sales brings in over and above what was budgeted towards production costs, simply goes back into the theatre and will be used towards future expenses.
"What a story........ everything but the bloodhounds snappin' at her rear end." -- Birdie
[http://margochanning.broadwayworld.com/]
"The Devil Be Hittin' Me" -- Whitney
Updated On: 8/26/06 at 05:37 PM