MA Nonprofits Generate Over 551K Jobs & $36 Billion in Wages
Saturday, July 13, 2019
"The nonprofit sector's economic impact is not only large, it's growing at a rapid clip. The roles of nonprofits as economic engines and as service providers are both crucial to protect,” said Jim Klocke, CEO of MNN.
Read the Report Here
This report comes on the heels of a Giving USA Foundation report released in late June, which found that individual donations to American charities dropped by $3.2 billion nationwide in 2018.
MNN Report
The report draws on recently-released data from the U.S. Bureau of Labor Statistics to show the most up-to-date picture of the nonprofit sector's economic impact in Massachusetts.
The data shows that in 2017, Massachusetts nonprofits generated 551,117 jobs and $36.1 billion in wages. Nonprofits comprised almost 18% of the total workforce, the fifth highest percentage in the country.
The data also shows that from 2013 to 2017, nonprofit employment in Massachusetts grew by 41,763 jobs, an increase of 8.2%, and annual nonprofit wages grew by $6 billion, an increase of 20%.
The report makes three policy recommendations in support of the Massachusetts nonprofit sector:
- Preserve and grow charitable giving, including the creation of a federal universal tax deduction and the restoration of the Massachusetts state charitable tax deduction;
- Streamline state-level reporting requirements to remove duplication and reduce costs associated with reporting;
- Optimize employer policies so that they work for nonprofits as well as for-profits.
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