This indicator shows how much of a communities personal income is represented in the revenues of the arts, culture, and humanities non-profit organizations for that community.
This indicator is part of - Foster arts and cultures.
This indicator compares the number of arts, culture, and humanities not-for-profit organizations in Bernalillo County to other peer communities in the Southwest in 2012. Beginning in 2008, the IRS began to require all non-profit organizations to file a form 990, however, only those organizations with revenues over $25,000 were required to submit information about their revenues and asset value. In 2007, about 40% of organizations had revenues over $25,000.
Using each communities "Total Personal Income" (income from all sources) and the total revenues reported on IRS form 990 (about 40% of registered organizations), a portion of Total Personal Income going to nonprofit arts and cultural organizations is computed. The communities are ranked by this percent, which normalizes dollar support within each community.
|2011 Registered Organizations||Total Revenues Reported on Form 990 (in millions)||Assets Reported on Form 990 (in millions)||2010 Total Personal Income (in millions)||% 990 Revenues to Total Personal Income|
|Salt Lake City||347||76.64||164.84||39,084||0.196%|
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Why is this indicator relevant?
Quantifying the number of arts organizations (nonprofit only) in a community, as well as whether revenues and assets are increasing and at what rate helps a community understand the relative health of these important organizations. Research has shown that within neighborhoods, cultural participants are likely to engage in other types of civic activities, stimulating involvement in other community needs. Even modestly funded arts and cultural organizations have these kinds of impacts on communities. Therefore, growth in the number of these organizations compounds community and cultural engagement.
Urban Institute, National Center for Charitable Statistics database; U.S. Commerce Department, Bureau of Economic Analysis; University of Pennsylvania, Social Impact of the Arts Project, 2004.
What can we tell from the data?
- The Albuquerque area ranks 4th of 7 peer communities for percent of arts organization revenues to Total Personal Income.
- Since 2007, the number of arts, culture, and humanities non-profits has remained stable. There were 319 such organizations in 2007 and 317 organizations in 2012.
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