Vancouver Opera is out of the red. The organization’s operating surplus for its 2012-13 season has resulted in a complete recovery of its $831,000 deficit within two years.

In a news release today (September 16), Vancouver Opera announced a $435,483 operating surplus on a budget of $10.2 million for 2012-13. This success builds on the more-than-$500,000 surplus achieved at the end of its 2012 season, and brings the company’s total surplus to $169,354.

Vancouver Opera general director James W. Wright credited last season’s selection of shows—the classic La bohème, a First-Nations-inspired The Magic Flute, comedic The Priates of Penzance, and Canadian premiere of Tan Dun’s Tea: A Mirror of Soul—as the main attributor to the surplus.

“2012-2013 was very consciously a mix of traditional, new, and innovative productions and firmly in line with our strategic plan,” Wright stated in the news release. “It's exciting to see audiences responding so enthusiastically and we are greatly encouraged as we enter Vancouver Opera's 54th season."

Bev Park, the outgoing chair of the Vancouver Opera board of directors, also noted the success of OVERTURE, the organization’s annual fundraising gala, which featured k.d. lang in March.

“The dedication and hard work of our Board, committees and task forces, particularly around OVERTURE also helped maintain Vancouver Opera's solid footing this season,” Park stated.

The 2013-14 season, which launches at the end of October, will feature Puccini’s Tosca, English opera Albert Herring, Mozart’s Don Giovanni, and close with Verdi’s Don Carlo.