Industry Report Respondents in 2022 Recover Higher Percentage of Costs Via Revenues
Multiple questions in the Industry Report survey aim to dig beneath the surface to help paint a picture of how organizations are funded, beginning with an examination of costs recovered via revenues.
On average, respondents in 2022 said they recover 56.1% of their costs through revenues, up from 52.3% in 2021, 51.7% in 2020 and 47.3% in 2019. This increase over the past few years seems largely driven by increasing rates of cost recovery for private organizations, both nonprofits and for-profits. Public and governmental organizations in 2022 saw 43.5% of their costs recovered, down from 45.1% in 2021. Meanwhile, nonprofits recovered 67.7% of costs via revenues in 2022, up from 65.5% in 2021, and for-profit organizations recovered 75.7% of their costs in 2022, up from 73.6% in 2021.
See the June 2022 issue of Recreation Management, where we report these results and much more.