Study shows nonprofits carry some financial heft | Local News | Colorado Springs Independent: They may not seem like money-magnets, but a new study finds that Pikes Peak region nonprofits comprise the seventh-largest industry locally, with $3.1 billion in annual revenues.
Conducted by the Center for Nonprofit Excellence and Summit Economics LLC, with help from the University of Colorado at Colorado Springs School of Public Affairs, "Nonprofits Matter – An Economic Force for a Vibrant Community" estimates that local nonprofits have a $1.7 billion economic impact, and help taxpayers avoid higher bills in various arenas.
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