Why is the Nonprofit Growing?

The Nonprofit sector is growing at a very fast rite there is a lot of money in the nonprofit sector. Today I will show you why the nonprofit sector is growing.

This article is courtesy of Marc Chardon Nonprofit 

The nonprofit sector has been growing steadily, both in size and financial impact, for more than a decade.  Between 2001 and 2011, the number of nonprofits has increased 25 percent; from 1,259,764 million to 1,574,674 million today.  The growth rate of the nonprofit sector has surpassed the rate of both the business and government sectors. In 2010, nonprofits contributed products and services that added $779 billion to the nation’s gross domestic product; 5.4 percent of GDP.  Nonprofits are also a major employer, accounting for 9 percent of the economy’s wages, and over 10 percent of jobs in 2009. But, as nonprofits face devastating recession-driven revenue shortages and projected budget shortfalls from many state and local governments, this could reverse the trend as donors cut back, contracts are cancelled, and foundation endowments shrink. Urban Institute researchers study the role and impact of nonprofits, performance measurement, nonprofit governance, charitable giving and volunteering trends, and nonprofit and government contracting. This article is courtesy of Urban Institute                                             A video on why the nonprofit sector is Growing!