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 38 percent of arts organizations are new, they are bringing in just over 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 created by arts nonprofits founded since 2000, in 427 counties with 20 or more arts nonprofits filing Form 990 financial information with the IRS. Data for this indicator are from the 2012 Core Files at the National Center for Charitable Statistics.
Additional Information: Average county indicator value = 21.70%. Median county indicator value = 16.33%.
Fast Facts from the Arts Index
Consumer arts spending steady at $150 billion!
Since 2002, consumer spending on the arts has remained in the $150 billion range, though as a share of all expenditures it has slipped from 1.88% in 2002 to 1.45% in 2010. Following four years of decreases, musical instrument sales rebounded, growing from $5.9 billion in 2009 to $6.3 billion in 2010.