Cheap Seats, Staff Cuts on Tap for U.S. Nonprofit Theaters

More than half of those who completed the “snapshot survey” online expect year-end deficits and “cash flow problems.”

The survey confirms that nonprofits are getting clobbered by a contracting economy and a Standard & Poor’s 500 stock Index that’s cratered 45 percent in nine months.

About 10 U.S. theater companies in the U.S. have shut down recently or announced they’re in dire straits. Among the largest was the American Musical Theatre of San Jose, which filed for bankruptcy protection on Dec. 23.