What are we compaining about?

According to a new report from the Urban Institute, the growth of the nonprofit sector has outpaced the growth of the economy over the past decade. The report says that, "While the nation's gross domestic product grew by an inflation-adjusted 36.6 percent from 1994 to 2004, the nonprofit sector's revenues increased 61.5 percent." So why are we always whining about needing more?

Probably because all that growth and resources is concentrated in hospitals and universities. Some of the data from the report:

• Hospitals and other health care organizations, 12.9 percent of all reporting public charities, accounted for 58.7 percent of the sector's revenues in 2004, 41.1 percent of its assets, and 60.0 percent of its expenses, dominating each category.
  
  
• Colleges and other higher education nonprofits, less than 1 percent of reporting public charities, received 11.6 percent of the sector's revenue, controlled 22.3 percent of its assets, and recorded 10.9 percent of its expenses.
  
  
• Human service organizations, 34.5 percent of reporting public charities, had only 13.6 percent of the sector's revenues, 11.5 percent of its assets, and 14.0 percent of its expenses.

Get more information from the Urban Institute's web site.

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What are we compaining about?

Reviewed by citra
Published : 2006-11-16T12:24:00-08:00
Rating : 4.5