6. Financials

Discover how budgets and access to funding influence organizational growth, financial health, and ability to meet demand for programs. 

Artwork of a girl angled away from the camera with her eyes closed
Two women in red dresses dance on a stage
Key Findings

In 2024, nearly half (47%) of organizations had an annual budget of below $100,000, while another 30% had budgets between $100,000-$499,999.

Key Findings

Overall, revenue portfolios appear diversified, with responding organizations receiving a median of 5 different types of funding sources (mean of 4.6)

Key Findings

Upon reporting a given funding source, organizations were asked whether revenue from that source had increased, stayed the same, or decreased since 2020. Their responses reflect experiences between 2020 and 2024, when the survey concluded.

Key Findings

When looking at financial health, most Latinx/é arts and culture organizations are operating on very thin margins. About 39% broke even in the last fiscal year, while roughly a quarter ended the year with a deficit and another quarter with a surplus. The near-equal split between deficit and surplus shows how tight finances are for many organizations.

Key Findings

Most organizations operated with few flexible dollars, greatly limiting their capacity.

6.2 Revenue Sources

Most Latinx/é arts and culture organizations reported diversified revenue, with very few relying on a single source for all their revenue.

Explore the Data

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Overall, revenue portfolios appear diversified, with responding organizations receiving a median of 5 different types of funding sources (mean of 4.6)

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Artistic Disciplines

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Data Summary

  • About 57.0% of all organizations received some government funding between 2020 and 2024.
  • About 91.2% of all organizations received some corporate funding between 2020 and 2024.
  • About 61.9% of all organizations received some foundation funding between 2020 and 2024.
  • About 84.8% of all organizations received some individual funding between 2020 and 2024.
  • About 86.1% of all organizations received some event funding between 2020 and 2024.
  • About 81.8% of all organizations received some in-kind support between 2020 and 2024.
  • About 67.9% of all organizations generated some earned revenue between 2020 and 2024.
  • About 90.9% of all organizations say they received some investment income between 2020 and 2024.
  • About 28.00% of organizations ending with all say their unrestricted funding makes up 0% to 19% of their budget.
  • On average, all organizations reported submitting 12.29 grant applications annually between 2020 and 2024.
  • On average, all organizations reported receiving 3.83 grant awards annually between 2020 and 2024.

Opportunities

  • Expand unrestricted, multi-year funding to strengthen organizational and financial stability.

Government Funding

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Corporate Funding

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Foundation Funding

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Individual Funding

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Events Funding

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In-kind Support

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Earned Revenue

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Investment Income

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Other Funding

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2024 Annual Budget

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Percent of Unrestricted Funding

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Highlight

Upon reporting a given funding source, organizations were asked whether revenue from that source had increased, stayed the same, or decreased since 2020. Their responses reflect experiences between 2020 and 2024, when the survey concluded.

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Artistic Disciplines

Filter by Artistic Disciplines

Data Summary

  • About 43.7% of all organizations said their government funding increased between 2020 and 2024.
  • About 26.2% of all organizations said their corporate funding increased between 2020 and 2024.
  • About 47.7% of all organizations said their foundation funding increased between 2020 and 2024.
  • About 29.0% of all organizations said their individual funding increased between 2020 and 2024.
  • About 26.6% of all organizations said their event funding increased between 2020 and 2024.
  • About 26.2% of all organizations said their in-kind support increased between 2020 and 2024.
  • About 35.0% of all organizations said their earned revenue increased between 2020 and 2024.
  • About 40.8% of all organizations said their investment income increased between 2020 and 2024.

Government Funding Change

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Corporate Funding Change

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Foundation Revenue Change

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Individual Revenue Change

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Events Revenue Change

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In-kind Revenue Change

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Earned Revenue Change

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Investment Revenue Change

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Other Revenue Change

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2024 Annual Budget

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Image Credits

  • Image #1: Xelena Gonzalez, 2018 NALAC Fund for the Arts Grantee
  • Image #2: Contra-Tiempo, 2013 NALAC Fund for the Arts Grantee