Arts in the Wake of a Failing Economy
October 8, 2008 § Leave a comment
How is the current economic status of the country affecting the arts world? While this article focuses predominantly on commercial activity in NYC, it reminds us that nonprofit arts organizations could potentially experience a significant drop in both earned and contributed revenue in the coming year. Do you think that cities throughout the U.S. will experience any significant impact?
Personally, I think we’ll be okay. There might be a noticeable decline in major gift activity (both institutional and individual), but I don’t think annual fund or ticket sales will be greatly impacted. Fingers crossed.