Total Revenue for Performing Arts, Spectator Sports, and Related Industries, Establishments Exempt from Federal Income Tax
This dataset tracks total revenue for performing arts, spectator sports, and related industries, establishments exempt from federal income tax over time.
Latest Value
2.50
Year-over-Year Change
-125.51%
Date Range
4/1/2009 - 1/1/2025
Summary
This metric tracks total revenue for performing arts, spectator sports, and related industries for tax-exempt establishments in the United States. It provides insight into the financial health and consumer demand for these cultural and entertainment sectors.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Performing Arts, Spectator Sports, and Related Industries, Establishments Exempt from Federal Income Tax series measures the total operating revenue generated by tax-exempt organizations in these industries. It serves as an important indicator of economic activity and consumer spending in the arts, entertainment, and cultural sectors.
Methodology
The data is collected and calculated by the U.S. Census Bureau through quarterly surveys of tax-exempt establishments.
Historical Context
This metric is closely watched by policymakers, industry analysts, and economists to gauge consumer behavior and the overall economic climate.
Key Facts
- Covers over 70,000 tax-exempt performing arts, spectator sports, and related establishments.
- Saw a sharp decline during the COVID-19 pandemic as lockdowns and restrictions impacted the industry.
- Revenue in this sector typically fluctuates with broader consumer confidence and discretionary spending levels.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total revenue generated by tax-exempt organizations in the performing arts, spectator sports, and related industries in the United States.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into the financial health and consumer demand for cultural and entertainment activities, which are important indicators of the broader economic climate.
Q: How is this data collected or calculated?
A: The U.S. Census Bureau collects this data through quarterly surveys of tax-exempt establishments in the relevant industries.
Q: How is this trend used in economic policy?
A: Policymakers and economists closely monitor this metric to gauge consumer behavior and the overall health of the arts, entertainment, and cultural sectors, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis, with some lag from the end of the reference period. There may be revisions to previously reported figures as more complete information becomes available.
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Citation
U.S. Federal Reserve, Total Revenue for Performing Arts, Spectator Sports, and Related Industries, Establishments Exempt from Federal Income Tax (REV711TAXEPT157QNSA), retrieved from FRED.