Nonprofits Worth $887.3 Billion To U.S. Economy - The NonProfit TimesThe NonProfit Times

Nonprofits Worth $887.3 Billion To U.S. Economy - The NonProfit TimesThe NonProfit Times: "The tax-exempt sector in the United States represented 5.4 percent of the nation’s gross domestic product (GDP) during 2012, contributing $887.3 billion to the economy. And of those tax-exempt entities, 501(c)(3) public charities accounted for slightly more than three-quarters of the sector’s revenue ($1.65 trillion) and expenses ($1.56 trillion) and more than three-fifths of nonprofit assets ($2.99 trillion) during 2012.

Comprised of approximately 1.44 million nonprofits registered with the Internal Revenue Service (IRS) in 2012, the sector has grown approximately 8.6 percent since 2002.

Those are among the statistics in the biannual Nonprofit Sector in Brief report by the Urban Institute’s Center On Nonprofits and Philanthropy. It’s a compilation of statistics from various sources throughout the sector.

According to the authors, total private gi"



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