Contributed and earned (program) revenue are the two financing streams with the greatest impact on operations, so they typically are of most interest to arts researchers and managers. But an arts nonprofit’s total revenue may also have elements from investments, membership dues, rents, unrelated businesses, and perhaps other sources. Because of financial reporting regulations, revenues include not only the investment income stream from reserves and endowments, but also the changes in the values of those investments.
In the Local Arts Index, we did not analyze those other areas in detail; focusing instead on program and contributed revenues, which have the greatest impact on operations. By contrast, this indicator simply looks at total revenue brought in by local arts organizations from all sources, so it incorporates all of these other revenue streams.
The indicator is calculated by taking 2012 total revenues for arts nonprofits in each county, divided by its 2012 population. For any given county, average per capita revenue from these other sources (besides earned and contributed) can be estimated by subtracting the sum of program revenue and contributed revenue from this total.
Data for this indicator are from the 2012 Core Files at the National Center for Charitable Statistics.
Additional Information: Counties with indicator value = 2,511. Average county indicator value = $68.20. Median county indicator value = $20.26.
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!