Overview
The 14,500 fine arts schools in the US provide instructional services in the arts, including dance, art, drama, and music. Fine arts schools include a broad range of educational providers, including art schools (except commercial and graphic arts), dance studios, drama and theater schools, and music schools. Degree-granting institutions are not considered fine arts schools. Most firms are small, independent organizations that operate within a local market.
Vulnerability To Economic Conditions
Demand for fine arts education is sensitive to economic conditions and typically drops during periods of financial uncertainty.
More Dancing
Demand for dance instruction has benefited from the popularity of dance-inspired TV shows and interest in dance as an alternative to exercise.
Industry Financial Benchmarks
Here are typical financial statements for fine arts schools.
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