Key Takeaways
- Most U.S. cultural institutions have emerged on solid footing from one of the most operationally challenging periods in recent history
- Annual attendance has increased from record lows but very few institutions have seen it recover to pre-pandemic levels
- Greater philanthropic support and heightened endowment draws have helped several institutions ease their reliance on federal support and stabilize operations
- Although financial resources remain a key driver of credit strength, most institutions are cautiously anticipating further market volatility
12 Nov, 2024