That's the buzz:

One of the company’s three co-founders, Yancey Strickler, said that Kickstarter is on track to distribue over $150 million dollars to its users’ projects in 2012, or more than entire fiscal year 2012 budget for the National Endowment of the Arts (NEA), which was $146 million.

Clay Johnson breaks apart the comparison:

Much of the NEA's money is spent on state and regional partnerships making sure that art happens in North Dakota. Kickstarter's funded $40,000 in the state since 2009. In 2011, the NEA gave $764,000 (what looks to be about the minimum for the NEA) to its state partner, North Dakota Council on the Arts there.

Jacket Copy nods:

Interestingly, of the obviously arts-ish Kickstarter funding that Johnson tallied, film/video is the biggest share, followed, in descending order, by comics, music, art, publishing, theater, photography and dance.