New study: financial success for arts groups begins with artistic excellence and cultural relevance

Posted on: August 14, 2020

How do successful performing arts organizations achieve financial health? How can a struggling organization turn its fortunes around? The Wallace Foundation, in partnership with SMU DataArts, has released a new report, The Alchemy of High-Performing Arts Organizations, that identifies common strategies utilized by twenty arts groups to achieve organizational health. The paper is co-authored by SMU DataArts Director Zannie Voss and Research Director Glenn Voss and is the first of several reports that will expand the Wallace Foundation’s resources for the field. While the report’s findings reflect pre-pandemic conditions, the authors believe that the data it presents could help inform organizations’ future efforts and serve as a productive starting point. Learn more and read the full report here.

On July 29, the League of American Orchestras presented In It for the Long Haul: From Reimagining to Financial Sustainability, a webinar based on the new report. In the webinar, Jill Robinson, CEO of TRG Arts, and Zannie Voss, Director of SMU DataArts, share specific steps that orchestras can take to emerge from the current crisis and orient toward sustained action and resiliency. League members can watch the webinar free of change on demand; non-members can watch for $35. Register to watch the webinar here.