Tuesday, March 24, 2009
Funding losses squeeze mid-size arts groups
Pittsburgh Tribune-Review: "Of the mid-size arts organizations that answered the last month's survey, 64 percent of those with budgets between $250,000 and $499,999, and 100 percent of those with budgets between $500,000 and $999,999 said they expect their year-end results will be worse than original expectations."
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I never really thought about this. It seemed to me that the smaller theaters would be affected the worst, but this makes perfect sense. These mid-sized theaters are right on the line of doing great work without the resources of the larger regional theaters or Broadway. They have learned how to carefully balance this line and the economic situation has toppled them over. Because these theaters have larger operating budgets and they still get a large amount of money from corporations and individual donors, they are struggling.
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