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Economic Impact of Spending
<br /> by Nonprofit Arts and Cultural ORGANIZATIONS
<br /> in Indian River County
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<br /> Nonprofit arts and culture organizations are active contributors to their business community. They are employers,
<br /> producers,and consumers. They are members of the Chamber of Commerce as well as key partners in the
<br /> marketing and promotion of their cities,regions,and states. Spending by nonprofit arts and cultural
<br /> organizations totaled $16 million in Indian River County during fiscal year 2015. This spending is far-
<br /> reaching: organizations pay employees,purchase supplies, contract for services,and acquire assets within their
<br /> community. These actions, in turn,support jobs,generate household income,and generate revenue to local and
<br /> state governments.
<br /> Indian River County's nonprofit arts and cultural organizations provide rewarding employment for more than just
<br /> administrators,artists, curators,choreographers,and musicians. They also employ financial staff, facility
<br /> managers,and salespeople. In addition,the spending by these organizations directly supports a wide array of other
<br /> occupations spanning many industries that provide their goods and services(e.g.,accounting,construction,event
<br /> planning, legal, logistics,printing,and technology).
<br /> Data were collected from 10 eligible nonprofit arts and cultural organizations that are located in Indian River
<br /> County. Each provided detailed budget information for fiscal year 2015 (e.g., labor, payments to local and
<br /> nonlocal artists,operations,administration,programming, facilities,and capital expenditures/asset acquisition).
<br /> The following table demonstrates the total economic impact of their aggregate spending.
<br /> I ABLE 2 .
<br /> Total Economic Impact of Spending by Nonprofit Arts and Cultural ORGANIZATIONS
<br /> in Indian River County.
<br /> 1 Similar Study Regions
<br /> Indian River County 11 Pop.=100,000 to 249,999 National Median
<br /> Total Organizational Expenditures S16,019,023 $14,554,235 $15,727;535
<br /> Full-Time Equivalent Jobs 471 608 608
<br /> Resident Household Income S9,468,000 $10.827,500 $11,441,500
<br /> Local Government Revenue S796,000 $553,000 $592,000
<br /> State Government Revenue S1,328,000 $656,500 5840;500
<br /> 6 AMERICANS FOR THE ARTS I Arts&Economic Prosperity 5
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