FINANCES FINANCIAL REVIEW We marked the Center’s sixth consecutive year of deliberate growth supported by durable, incremental improvement in financial position in FY20. In fact, while fiscal year 2020 was singular in the type and degree of unexpected challenges, Playwrights’ Center ended the year with the strongest balance sheet in its history. It is a testament to the organization’s resilience as we withstood fluctuations in the economy overall and within our field specifically. That core financial strength, managed by our nimble team, guided by an unshakeable dedication to mission, allowed us to show up for artists in crisis in a time when most lacked the resources to do so. In FY20, we spent 25.5% more in supporting artists and artistic development over the previous year. We also continued to diversify our income. Between FY15 and FY20, earned income increased by 84.5%, our unrestricted net assets grew by 32.8% over those six years, and individual giving was up by 791.7%. Our ability to meet the evolving needs of the artists we serve would not be possible without the ongoing support of our institutional and government partners. Continued philanthropic investment in the Playwrights’ Center’s mission ensures the playwrights—our storytellers, our truth tellers—receive the support they need today and for years to come.
22
UNRESTRICTED REVENUE 33% GROWTH FY20
$1,617,393
FY15
$1,217,495
INDIVIDUAL DONATIONS 792% GROWTH FY20 FY15
$527,734 $59,181
EARNED REVENUE 85% GROWTH FY20
$196,483
FY15
$106,493
