Colonial Williamsburg revenue down
Officials at Colonial Williamsburg say ticket sales and donations fell in 2009, contributing to an overall decline in revenue for the living-history museum.
The Colonial Williamsburg Foundation said visitors purchased 660,000 general admissions in 2009, down 7 percent from the previous year. Gifts to the Colonial Williamsburg Fund, which supports the operating budget, declined 4.5 percent to $14 million over the same period.
Revenue totaled $192 million, down nearly 9 percent from $210 million in 2008. Expenses declined from $249 million to $216 million over the period. The result was an operating loss of $24 million, smaller than the $39 million loss the previous year.
The foundation's net assets increased by $115 million to $843 million, largely on stronger performance of its endowment, which reflected improvements in the financial markets.
-- Associated Press
Posted by: MarilynManson | July 14, 2010 12:27 PM | Report abuse
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