Thursday, September 13, 2012

Nonprofit Arts In Washington A Boon To Economy

Nonprofit arts organizations and their patrons across Washington spent $1.51 billion in local economic activity during fiscal year 2010 according to a new report released by Americans for the Arts.

According to a report in The Washington Business Journal, the total expenditure generated $120 million in local tax revenue and $21 million in state revenue during the period of July 1, 2009 to June 30, 2010. Of those totals, 63 percent was organizational spending and 37 percent was from the audience.

The nonprofit arts industry is worth $135 billion on a nationwide level and, according to the study, supports 4.1 million jobs and generates $87 billion in household income.

Volunteers also played a big role in the strength of arts and culture in the Washington area. More than 33,000 volunteers donated 1.5 million hours to organizations in the region, with that time representing an estimated worth of more than $33 million.

The data for the Americans for the Arts study was collected from 299 arts and culture organizations and 4,351 in Washington. The study did not include the Smithsonian Institution which, according to the organization's Form 990, accounted for $2.1 billion in total culture spending in 2010, in addition to representing 58 percent of the local industry.

You can read the full story in The Washington Business Journal.

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