Americans for the Arts recently released Arts & Economic Prosperity III: The Economic Impact of Nonprofit Arts and Culture Organizations and Their Audiences. Nationally, the nonprofit arts and culture industry generates $166.2 billion in economic activity every year-$63.1 billion in spending by organizations and an additional $103.1 billion in event-related spending by their audiences. The $166.2 billion in total economic activity has a significant national impact, generating the following:
- 5.7 million full-time equivalent jobs
- $104.2 billion in household income
- $7.9 billion in local government tax revenues
- $9.1 billion in state government tax revenues
- $12.6 billion in federal income tax revenues
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