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Nonprofits significantly impact the US economy by employing millions, spending billions annually on goods and services, and creating ripple effects throughout communities.
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Print this page While itβs easy to see how nonprofits directly improve the lives of individuals, their positive contributions to the U.S. economy are often overlooked. A closer review reveals nonprofit organizations have a significant, far-reaching impact on the American economy. In fact, nonprofits enhance and bolster local, state, and national economies in multiple ways, including the following: Nonprofits employ 12.3 million people, with payrolls exceeding those of most other U.S. industries, including construction, transportation, and finance. A substantial portion of the nearly $2 trillion nonprofits spend annually is the more than $826 billion they spend on salaries, benefits, and payroll taxes every year. Also, nonprofit staff members pay taxes on their salaries, as well as sales taxes on their purchases and property taxes on what they own. Nonprofits also create work opportunities for millions of individuals above and beyond the millions they employ directly. Nonprofits th...
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