Yesterday, October 20, the Greater Philadelphia Cultural Alliance released its 2014 Portfolio, its largest analysis of the arts and culture sector to date. The Alliance also announced and introduced its new president, Maud Lyon, at its annual member meeting held at the Franklin Institute last night.
— PHLCultural Alliance (@philaculture) October 20, 2014
Lyon comes to the Alliance from CultureSource, a professional association of arts and culture nonprofits serving Detroit and seven counties in southeastern Michigan. She has served as its full-time executive director since 2008. Lyon will start at the Cultural Alliance in early 2015.
The 2014 Portfolio covers the activities of 473 cultural groups in the most recent fiscal year and trend data from 298 organizations covering 2009 to 2012. The report examines recent financial, programmatic, audience, and administrative data from these 473 regional nonprofits.
The report shows that there were 17 million visits to cultural institutions last year; the 473 cultural groups offered 33,000 live productions, exhibitions, workshops, films, and other programming; and that cultural nonprofits spend over $1.1 billion annually.
The last Portfolio report, released in 2011, demonstrated that cultural organizations were not immune to the effects of the Great Recession, with revenue dropping significantly from 2007 to 2009 (down 43 percent), according to a press release. The 2014 report shows the beginnings of a recovery: While regional economy grew 2.2 percent from 2009 to 2012:
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- cultural organization revenues increased 3 percent
- endowments increased 12 percent
- net assets increased 7 percent
- attendance also increased by 3 percent
- earned income increased by 9 percent
- children’s attendance is up 17 percent since 2009 with over 3 million visits annually
Although the total number of groups in deficit declined since the last Portfolio, more than 40 percent of organizations still reported deficits in the most recent Fiscal Year.
There has also been a decline in traditional sources of income:
- subscription revenue is down 20 percent
- individual giving is down 12 percent
- corporate funding is down 23 percent
- foundation support represents 12 percent of funding overall
- 25 percent higher than the national average of 9.5 percent
Also at the meeting, the Alliance shared its plans for increasing accessibility to arts and culture organizations. This includes the continuation of the STAMP teen program, which provides Philadelphia high school aged students with free access to the city’s top museums and cultural attractions; the launch of a new arts loyalty rewards card program in connection with Phillyfunguide.com and Funsavers in Spring 2015 (Phillyfunpass); and a series of meet-ups to invite members of the community to discuss some of the issues that have been raised by the report.
In the spring, the Alliance will release a second phase of the Portfolio, which will include a multi-city analysis of the nonprofit culture sector that will hopefully provide further insight for the Philadelphia region.
View the full report here.
Top image via the Greater Philadelphia Cultural Alliance-30-
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