Did you know nonprofits are a big part of the economy?

In my novel Nearly Canaan, Jaya resumes her career in nonprofit enterprises – a field she left in moving to the Yoga Bootcamp from Manhattan.

Running nonprofits turns out to be a management specialty – and they are a major player in the economy, even if you don’t read a lot about them in the business section of the newspaper.

Here are some considerations.

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  1. The nonprofit sector accounts for $65 billion of the U.S. economy – 5.4 percent of the gross national product.
  2. Nonprofits hire a tenth of the workforce – more than national defense, construction, real estate, and space exploration combined.
  3. There are more than 1.2 million public charities and foundations in the country.
  4. Only one-third of the organizations file with the IRS, leaving the rest off of the economic radar.
  5. The 950,000 public charity organizations – ranging across arts, culture, education, health care, and human services – comprise two-thirds of the nonprofits sector.
  6. Most of them are small. Nearly 30 percent of the public service organizations operate at under $100,000 a year. The largest group, 37 percent, runs between $100,000 and $499,999. The largest group, of $10 million or more, is just 5.3 percent of the organizations but doles out 87 percent of the money.
  7. Nearly half of their revenue comes from fees for services and goods – ticket sales, tuition, hospital fees, membership fees, and product sales. Another third comes from government programs and grants. The remainder comes from donations (15 percent) and investment income (5 percent).
  8. Religion is the largest charity category, with a third of the pot, followed by education, 13 percent. Other standouts: Health, at 7.4 percent; arts, culture, and humanities at 4.1 percent; environment or animals, 2 percent.
  9. One in four Americans volunteers time and service to these causes. Their volunteer service, averaging 52 hours a year per person, is valued at $1.5 trillion. They also donate $358 billion in fundraising.
  10. The total assets of public charities in the U.S. comes to $3.7 trillion.

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Do you donate to any nonprofit groups? Do you volunteer? Do you rely on their services?

 

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