Los Angeles Philharmonic: Economic, Fiscal, and Social Impact Analysis
Creating jobs, generating income, and expanding access to the arts
Revealing the Billion Dollar Impact of an Iconic Performing Arts Nonprofit
The LA Phil is one of the nation’s premiere orchestras and plays a central role in the cultural and economic landscape of Southern California. Through its programming at Walt Disney Concert Hall, the Hollywood Bowl, and The Ford, as well as initiatives such as Youth Orchestra Los Angeles, the organization engages broad audiences and supports a wide range of regional activities. These efforts contribute to job creation, income generation, business development, and expanded access to the arts.
Beacon Economics collected financial and operational data from the LA Phil, conducted interviews with key stakeholders, and integrated public and proprietary data on visitor spending to determine the full economic impact this iconic organization has in Los Angeles and beyond. The analysis quantifies LA Phil’s operations and audience activity in 2024, a year when they welcomed 1.7 million attendees, generated nearly $950 million in economic output, and supported over 4,600 jobs.
Key Highlights
A Cornerstone Of Culture
Guided by artistic vision, the LA Phil is committed to enriching lives through music, education, and community engagement.
Packs An Economic Punch
LA Phil is the most economically powerful cultural institution in Los Angeles, surpassing LACMA and the LA Zoo.
A Place For Everyone
LA Phil’s mission expands access to the arts through free ticket initiatives, youth education, diverse programming, and community partnerships.
Expert Insights
Niree Kodaverdian
“Home to such iconic venues as the Hollywood Bowl, The Ford, Walt Disney Concert Hall, and the Beckmen YOLA Center, this historic performing arts nonprofit is a driver of economic growth and resiliency in Los Angeles.”
~ Niree Kodaverdian PhD, Research Manager, Beacon Economics
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