The Economics of Creativity

The findings of Brevard Cultural Alliance’s 2008 Economic Contribution of Nonprofit Arts and Culture study are remarkable!  Some of the highlights:

• For every $1 of government support, the arts return $8.50 in tax revenue
• An additional $22 million was generated indirectly in the local economy
• The nonprofit arts and cultural industry supports 624 full- and part-time jobs
• For every 3 of those 624 jobs, 1 additional job is created elsewhere in the area
• For every $1 of cultural tourism development funding, the arts give back $27 in related spending by cultural tourists
• During fiscal 2007, the nonprofit arts and culture industry contributed over $42 million to Brevard's economy
• Almost 1 million people attended Brevard cultural events during FY 2007
• The average Brevard County cultural attendee spent $20.80 per event
• 20 percent of event attendees were cultural tourists; these non-local attendees spent an average of $38.17 per cultural event

 A cross-section of cultural activity is represented by the participating groups, including museums, music, dance, historical, literary, festivals, the Zoo, and performing arts venues. Twenty-eight Brevard cultural organizations participated in this study, which was commissioned by Brevard Cultural Alliance and conducted by Praecipio EFS, Inc., an economic, financial, and statistical consulting firm.

For a complete copy of the study, click here. 

For a copy of BCA's 990, click here.

 

Brevard Cultural Alliance is proud of its dedication to artists, arts organizations, schools, nonprofits, and to at-risk youth in Brevard.   An independent audit showed the following breakdown of BCA expenses:

                                                47%        Services to Community

                                                20%        Services to local Arts & Cultural Organizations

                                                14%        Services to Artists

                                                15%        Administration

                                                  4%        Fundraising