Read The 990
The world of art is full of money, at least it attracts the moneyed minority. But do they give or do they buy? Which, why?
Arts groups are usually setup as non-profit. This means a tax structure which requires publishing some of their financials. I say ‘some’ because like all things legal there are ways of hedging. Some forms of this hedge are techniques of aggregation or dis-aggregation of the base data. Any second year accountant can do this for any half assed lawyer.
In working out how art is marketed, I discovered, by working with the 990s, that for some rich locations, the 990s were an early indicator of the financial tide.
990s predict a fall. unfortunately, not the rise.
Try it yourself. You will be spooked.

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