|Last Quarterly Update:||1/6/2014|
|NAICS Codes:||81321, 81331, 81341|
|Industry Overview||Trends & Challenges||Industry Forecast|
|Quarterly Industry Update||Call Prep Questions||Website & Media Links|
|Business Challenges||Financial Information||Glossary & Acronyms|
Nonprofit institutions include grantmaking foundations, giving services, advocacy groups, civic clubs, and social organizations. Major institutions include AARP, the American Cancer Society, the American Heart Association, the Ford Foundation, and Goodwill Industries (all based in the US), as well as BRAC (Bangladesh), the International Federation of Red Cross and Red Crescent Societies (Switzerland), and The National Trust and Oxfam GB (UK).
Nonprofits worldwide are still working to recover from challenges posed by the recent economic crisis, including the presence of a growing number of people in need. To meet the increased demand for services with relatively flat funding, organizations have had to tighten their budgets.
The US nonprofit institutions industry includes about 60,000 organizations with combined annual revenue of about $110 billion.
Although technically distinct, the terms "nonprofit," "tax-exempt," and "charitable" are often used interchangeably. Nonprofits are sometimes referred to as "501(c)" entities, after the section of the US Internal Revenue Code that defines their tax status.
Similarly structured groups with different missions are covered in the Membership Organizations industry profile. Some organizations that operate as nonprofit entities, such as colleges and universities, hospitals, and religious organizations, are covered in separate industry profiles.
Demand is driven by the need to represent special interests or provide social services that can't be met by the market or government. Organizations receive nonprofit status because their primary purpose is religious, charitable, scientific, literary, ...
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