The Recession — Trouble with the Curve
The recession lingers for performing arts institutions & museums
(Great Charts with all the curves at the link below)
Many Large Arts Organizations Still in Recession
At the height of the recession in 2009, the number of groups with operating deficits was 45%, which makes the recovery, as measured here by deficits, only 0.8%. The Index reports that organizations with larger budgets were more likely to run a deficit than those with smaller budgets, and that there was no predictable pattern based on any specific arts discipline.
Part of the problem, of course, is the precipitous drop in public funding at the state level, but that started in 2003…
http://nonprofitquarterly.org/policysocial-context/22961-many-large-arts-organizations-still-in-recession.html
September 26, 2013
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Tags: funding, giving · Posted in: All, Business
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