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Nonprofits' Decade of Growth Outpaces Economy |
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While the nation's gross domestic product grew by an inflation-adjusted 36.6 percent from 1994 to 2004, the nonprofit sector's revenues increased 61.5 percent, according to a new compendium of nonprofit facts from the Urban Institute's National Center for Charitable Statistics. "The Nonprofit Sector in Brief: Facts and Figures from the Nonprofit Almanac 2007," by Thomas H. Pollak and Amy Blackwood, offers a statistical snapshot of the 1.4 million public charities and other nonprofit organizations registered with the Internal Revenue Service. These entities recorded $1.36 trillion in revenue in 2004, $1.26 trillion in expenses, and assets of $2.97 trillion. Hospitals and other health care organizations, 12.9 percent of all reporting public charities, accounted for 58.7 percent of the sector's revenues in 2004, 41.1 percent of its assets, and 60.0 percent of its expenses, dominating each category. Colleges and other higher education nonprofits, less than 1 percent of reporting public charities, received 11.6 percent of the sector's revenue, controlled 22.3 percent of its assets, and recorded 10.9 percent of its expenses. Twenty-nine percent of Americans volunteered with a nonprofit in 2005.
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