According to NEFA’s Latest Nonprofit Study, New England Arts + Culture Nonprofits Spent 3.6 Billion Dollars in 2007. Economic impact estimates take this direct spending number ($3.6 billion) and add indirect and induced spending to account for the multiplier effect of these nonprofits in their communities.
So, the three classes of spending (direct, indirect, and induced) not only reflect related increases in spending for the cultural sector, but the subsequent spending in other industry sectors, such as educational services and real estate. The 3.6 billion in spending is only a starting point for analyzing the economic impact of arts and culture nonprofits! Click here to estimate the economic impact for organizations in Massachusetts.New England Cultural Nonprofit Expense by Discipline
New England Cultural Nonprofit Expense by Discipline
(Click on the chart to view the interactive version)
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