2008 portfolio presentation
DESCRIPTION
TRANSCRIPT
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vibrant
valuable
vulnerable
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vibrant valuable vulnerable
consumer price index 1995-2005
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vibrant valuable vulnerable
cultural growth 1995-2005
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28%
49%
76%
Consumer Price IndexGreater Philadelphia
Portfolio organizationsAll Southeastern PA
Portfolio organizations4 suburban counties
vibrant valuable vulnerable
suburban cultural growth 1995-2005
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employment 1995-2005full time employment kept pace or exceeded regional averages
vibrant valuable vulnerable
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1995 2005
Part-timeFull-time
employment 1995-2005part-time employment saw the greatest growth
+9%
+98%
vibrant valuable vulnerable
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health insurance costs paid by employer
vibrant valuable vulnerable
84% 84% 88%73%
14%
Average for allU.S. employers
Very Large Large Medium Small
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3 performances an hour
13 tours per day
777 events every week
15 million total visits per year
vibrant valuable vulnerable
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valuable…
43,000 paid and volunteer positions
vibrant valuable vulnerable
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24,000 volunteers
vibrant valuable vulnerable
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vibrant valuable vulnerable
45% of income is contributed
every fundraising $1 $9
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1995 2005
Contributed Income
Earned Income
52% income growth
vibrant valuable vulnerable
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the arts are a bargain
vibrant valuable vulnerable
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affordable…
…and accessible
vibrant valuable vulnerable
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vulnerable…
operating margins remain thin
1995 2005
Operating Margin
Total Expenses
3%
5%
vibrant valuable vulnerable
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40% of cultural organizations operate at a deficit
vibrant valuable vulnerable
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0%
25%
50%
75%
100%
Small Medium Large Very Large
Contributed
Earned
contributed to earned income
vibrant valuable vulnerable
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foundation support as percentage of total revenue
0%
5%
10%
15%
20%
25%
30%
Small Medium Large Very Large
vibrant valuable vulnerable
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investment income as percentage of total revenue
0%
5%
10%
15%
20%
25%
30%
Small Medium Large Very Large
vibrant valuable vulnerable
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1995 State & Federal support
vibrant valuable vulnerable
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2005 State & Federal support
vibrant valuable vulnerable
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vibrant
valuable
vulnerable
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vibrant valuable vulnerable
implicationsMarket forces
–Slim margins–Pressure on all income streams–Increasing specifications of funders–“It’s the economy, …”
Workforce development–Rising benefits costs – health insurance for small companies–“Move over to Move up” syndrome–Large part-time workforce–Difficult to overcome perception of high personnel costs
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vibrant valuable vulnerable
implications
Building maintenance–Utilities costs–Large number of historical sites–Capital campaigns for cultural facilities
Consumer patterns–Shifts in ticket purchasing?–Generational differences–Demographic changes
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vibrant valuable vulnerable
action steps
Support the Cultural Community–Use research–Become an arts advocate–Integrate culture into other activities–Deepen your engagement with individual organizations
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This publication was made possible by PNC and the William Penn Foundation. Additional support was provided by the Dolfinger-McMahon Foundation.
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