Page 8 - Winter 2024 Digital inLEAGUE Volume 47 Number 01 with Economic Impact Study

The Power of The hisToric TheaTre 2023 Findings

A Single Historic Theatre in a large city
*
2023 economic imPacT sTudy Has the potential to...

• Sustain 511 full-time equivalent jobs
• Create $17 million in total expenditures
Our friends at Americans for the Arts have created a wealth of research to substantiate the • Generate $1.8 million in revenue for state and local governments
value of nonprofit arts and cultural institutions. LHAT has taken that research and applied it to • Add $12 million to household incomes in your community
our own research collected from historic theatres across the nation. To do a personalized study
for your organization, we suggest you visit Americans for the Arts at AmericansForTheArts.org. * Population 1 million plus

How best to use this study: Enter your own numbers in the online calculator at
Americans for the Arts. Compare that to our averages. If above, you have reason to A Single Historic Theatre in a medium-size city
*
brag. If below, you can make the case that fully-funded, you can have an even greater
impact on your community. Has the potential to...

Definitions: • Sustain 194 full-time equivalent jobs
• Create $5.9 million in total expenditures
Total Expenditures: • Generate $584,000 in revenue for state and local governments
The total dollars spent by your nonprofit arts and culture organization and its • Add $4.1 million to household incomes in your community
audiences; event-related spending by arts and culture audiences is estimated using
the average dollars spent per person by arts event attendees in similarly populated * Population 250-499K
communities.

FTE Jobs: A Single Historic Theatre in a small city
*
The total number of full-time equivalent (FTE) jobs in your community that are
supported by the expenditures made by your arts and culture organization and/or Has the potential to...
its audiences. An FTE can be one full-time employee, two half-time employees, four • Sustain 36 full-time equivalent jobs
employees who work quarter-time, etc. This is community, not organization. Your • Create $1.3 million in total expenditures
theatre creates jobs outside your four walls! • Generate $125,200 in revenue for state and local governments

Government Revenue: • Add $716,692 to household incomes in your community
The total dollars received by your local and state governments (e.g., license fees, * Population less than 50,000
taxes) as a result of the expenditures made by your arts and culture organization
and/or its audiences.

Household Income: Additional population sizes:
The total dollars paid to community residents as a result of the expenditures made by Population 500-999K / Population 100-249K / Population 50-99,000
your arts and culture organization and/or its audiences. Household income includes
salaries, wages, and proprietary income. FTE Jobs Expenditures Gov’t Revenues Household Income
423 / 148 / 106 $12.9M / $4.9M / $3.3M $1.3M / $450K / $300K $9.1M / $3M / $2.1M

When using these estimates Americans for the Arts suggests that you always keep the following in mind: (1) the
results of this analysis are based upon the averages of similarly populated communities, (2) input/output models were
customized for each of these similarly populated communities, providing very specific employment, household income,
and government revenue data, and (3) these results are therefore estimates, and should not be used as a substitute for
conducting an economic impact study that is customized for your community.

PAGE 6 | INLEAGUE League of Historic American Theatres February 2024 INLEAGUE | PAGE 7