arts & economic prosperity
Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences documents the key role played by the nonprofit arts and culture industry in strengthening our nation’s economy. This study demonstrates that the nonprofit arts and culture industry is an economic driver in communities—a growth industry that supports jobs, generates government revenue, and is the cornerstone of tourism.
Nationally, the nonprofit arts and culture industry generates $166.2 billion in economic activity every year—$63.1 billion in spending by organizations and an additional $103.1 billion in event-related spending by their audiences. The study is the most comprehensive study of the nonprofit arts and culture industry ever conducted. It documents the economic impact of the nonprofit arts and culture industry in 156 communities and regions (116 cities and counties, 35 multicounty regions, and five states), and represents all 50 states and the District of Columbia.
The $166.2 billion in total economic activity has a significant national impact, generating the following:
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5.7 million full-time equivalent jobs
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$104.2 billion in household income
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$7.9 billion in local government tax revenues
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$9.1 billion in state government tax revenues
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$12.6 billion in federal income tax revenues
Our Arts & Economic Prosperity studies continue to be among the most frequently cited statistics used to demonstrate the impact of the nation’s nonprofit arts industry on the local, state, and national economy.
Brochure with Study Highlights
