Summary
In times like these, it's wise to have a rainy-day fund that can be tapped several years in a row. How arts organizations perform on the stage or in the gallery is their first priority. How they perform financially can be just as crucial.
Based on their most recent federal tax returns and grant applications filed with the Ohio Arts Council, Dayton's cultural groups earn a mixed review.See the full content of this document
Extract
Profiles: The Arts in Dayton
Some are doing fine in a more than challenging economy.
Others are carrying deficits big enough to influence production quality and the priorities of their fundraising.Overall, pressure on the bottom line is steady and increasing. Until recently, contributions were holding steady. Due to their own financial pressures, area corporations and foundations have put local charitable organizations on notice that they won't be able to offer as much support as usual.With ticket sales also trending down, efforts to reduce expenses are under way.While tax forms provide more specific information, the following snapshots of each group are based on OAC reports, which are more up to date and include the organizatio...See the full content of this document
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