The number of millennial arts organizations is just part of the “institutional or entrepreneurial” factor in cultural character. Generally, new organizations have less revenue than established organizations, and this revenue may have a different profile. While close to one-third of arts organizations are new, they are bringing in less than one fifth of total revenue.
There are several possible explanations for this difference. Millennial organizations may be more productive and efficient, with a smaller infrastructure that needs less support. They may rely on the drive of a founder. Or, they may face a very tough competitive environment that makes it hard to build revenue. These possible scenarios may be seen in many counties, and are part of the character of that county’s arts economy. This indicator measures the share of total arts nonprofit revenue in each county that was recorded by arts nonprofits founded since 2000, in 417 counties with 20 or more arts nonprofits. Data for this indicator are from the 2010 Core Files at the National Center for Charitable Statistics.
Additional Information: Average county indicator value = 19.27%. Median county indicator value = 14.87%.
Fast Facts from the Arts IndexU.S. Share of World Creative Goods Trade is Rebounding! Overall, America’s role in global cultural trade declined steadily from 2002 through 2009, but we have seen a rebound in 2010 and 2011. Almost all of this is due to exports, which change more—both up and down—than imports in the U.S. Trade surpluses are good news for the U.S. economy!