According to the latest report from the Urban Institute, the non profit sector has been running deficits between 4 and 8 percent of its total revenue each year.
Don’t get discouraged just yet! The same study also found out that nonprofit employment and wages remained steady through the Great Recession and even outpaced some sectors of the economy:
- Nonprofit wages climbed more than 17 percent from 2003 to 2013;
- Nonprofit employment grew 14 percent from 2003 to 2013;
- The number of charities grew 23 percent from 2003 to 2013.
Indeed, nonprofit sector was the only sector that has seen positive growth every single year since 2000. Most of the growth in the nonprofit sector is attributed to health care and social assistance sectors, including hospitals, mental health centers, crisis hotlines, blood centers, soup kitchens, senior centers, and similar organizations.
Have you been missing out on nonprofits as a possible career path? Want to find out more about how nonprofits are performing?Check out this slide show that presents some fascinating nonprofit statistics!
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