6. Financials
Discover how budgets and access to funding influence organizational growth, financial health, and ability to meet demand for programs.
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.
Overall, revenue portfolios appear diversified, with responding organizations receiving a median of 5 different types of funding sources (mean of 4.6)
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.
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.
Most organizations operated with few flexible dollars, greatly limiting their capacity.