- Posting by Chidi
New data shows the not-for-profit performing arts industries in Canada rely heavily upon grants, subsidies, donations, corporate sponsorships, and fundraising. While the pandemic detrimentally impacted the performing arts industries in Canada, revenue diversification is projected to pick up as events, performances, and art displays resume. Private sector contributions are expected to increase as performing arts companies resume regular operations, according to Statistics Canada.
Because of economic and social conditions, funding in the not-for-profit performing arts industries has changed over time and further evolved throughout the COVID-19 pandemic, with changing access to and availability of funds. Data for this analysis come from the Survey of Service Industries: Performing Arts, which is conducted every two years and collects the financial and operating data needed to produce economic statistics for the performing arts industries in Canada. The most recent data available are for reference year 2020. For further details, click here.
This article was not written by us we just shared as we thought it might be helpfulClick Here to Visit Orignal Source of Article https://charityvillage.com/statistics-canada-releases-new-funding-data-for-the-not-for-profit-performing-arts-sector/