Why does Shen Yun have a large cash reserve?
Shen Yun’s annual revenue is comparable to other performing arts institutions, such as American Ballet Theatre and is much less than New York City Ballet. With eight troupes touring the world simultaneously and a brand-new production every year, ours is a large-scale operation. Expenses include salaries for dancers, musicians, technical crew, artistic teams, and administrative staff; training facilities and rehearsal theater; props, costumes, audio, video, and lighting gear; advertising and marketing; buses and trucks; food and medical services; hotels; and flights for hundreds of performers.
Moreover, our management wants to be ready for any eventuality in an uncertain world. During COVID, for example, while many performing arts companies laid off their employees, Shen Yun was able to keep paying the artists’ and staff’s salaries even while not performing for a year and a half.
