Tuesday, May 24, 2022
Higher Education Institution Affiliations and the Financial Impact on Professional Nonprofit Theatres in New England
The challenges of the COVID-19 pandemic have left many arts organizations examining paths to increase financial sustainability. This paper presentation reports on a study conducted in fall of 2021 on financial differences between nonprofit theatres in New England with and without discernible affiliations with higher education institutions (HEIs). The study examined if there were statistically significant differences for theatres with and without a discernible HEI affiliation regarding annual revenue, the percentage of expenses to revenue, and between the percentage of employee expenses to total expenses for theatres that did and did not have discernible partnerships with an HEI.