In March 2014, the Nonprofit Finance Fund (NFF) published its annual State of the Nonprofit Sector. While there are several reports published annually about the nonprofit arts sector—such as our own National Arts Index—this report offers the added appeal of showing how the arts stack-up to the rest of the nonprofit sector. With a smidge over 5,000 survey responses, the arts made its presence felt with 919 responses. (Nationally, there are about 1.5 million nonprofit organizations, 95,000 of which are arts organizations.) It’s good to see arts leaders contributing to knowledge of the field by participating in such sector-wide research.
Financial Performance Indicators
While I wasn’t one of those kids who read the last chapter of an adventure novel first, I will confess to jumping right to certain financial performance indicators in these reports. I am always curious about whether organizations are finishing the year with a deficit or surplus, or if they are breaking even. Read the rest of this entry »