The U.S. non profit sector is equal to the sixth largest economy in the world – larger than the Canadian or Russian economies.
SOME FACTS ABOUT THE NON PROFIT SECTOR
There are about 2.3 million non profits in the United States (corporations, trusts, associations and other forms of nonprofit organizations) and more than half of them are charitable.
The rest half fulfill other missions like promoting arts, business operation, culture and public and community goals.
Over 1.5 million nonprofits were registered with the Internal Revenue Service (IRS).
The largest single category? 501(c)(3) public charities?included over 950,000 organizations and accounted for three-fourths of nonprofit revenue and sixteenths of nonprofit assets.
The total private giving in the last year was estimated at $323.4 billion.
In 2011, approximately 31.7 percent of U.S. adults claimed to have volunteered for one or more nonprofit organization.
Volunteers approximately contributed a total of 17 billion hours during 2011.
The number of non profits have become three times since 1963. Approximately 20,000 to 30,000 new non profits are started each year.
More than 87% of non profits in the U.S. are small organizations with annual gross revenue of < $25,000 per year.
More than 53% of nonprofit organizations in U.S.A claim tax exemption determination under section 501 C 3. Amongst the remaining organizations, more than 40% organizations claim exemptions under other sections of 501 C. That leaves around 7% of organizations not claiming any tax benefits with the IRS.