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Nonprofit Sector is Growing Faster than Rest of the Economy

November 7, 2012

Nonprofit Sector is Growing Faster than Rest of the Economy

Source: Urban Institute

Even during and after the recession, from 2007 to 2010, nonprofit employment grew 4 percent and wages increased 6.5 percent, while they decreased in the business sector by 8.4 percent and 8 percent, respectively, and increased only 1 percent and 4.8 percent, respectively, for government. However, in 8 of the past 10 years, the nonprofit sector spent more than it earned. The gap between revenues and outlays was $65 billion in 2008, 2009, and 2010.

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