Economic Impact of the Nonprofit Sector in Idaho Nora J Carpenter, Chairman, Idaho Nonprofit Center...

Post on 19-Jan-2016

219 views 0 download

Tags:

Transcript of Economic Impact of the Nonprofit Sector in Idaho Nora J Carpenter, Chairman, Idaho Nonprofit Center...

Economic Impact of the Nonprofit Sector in Idaho

Nora J Carpenter, Chairman, Idaho Nonprofit Center Board of Directors

Economic Impacts of Idaho’s Nonprofits Organizations Report

Commissioned by the Idaho Nonprofit Center in 2011 and updated in 2014

Research conducted by Steven Peterson, Research Economist, University of Idaho

What’da ya know?

How many registered nonprofit organizations in Idaho?

+7,000 Registered nonprofits in Idaho

Nonprofits in Idaho are the bridge between our private and

public sectors

Provide rich historical, cultural, ethnic and ecological service

Fill significant gaps in education and social services

How many paid staff positions?

What’da ya know?

More than 52,000 paid employees

When measured in jobs, Idaho’s nonprofit sectors is larger than all counties except Ada

Would rank 6th as an industry in IdahoPays $2.6 Billion in total aggregate compensation in

IdahoContributes more than $40M annually in personal

income tax

What is the impact of the nonprofit sector to Idaho’s gross state product?

What’da ya know?

Idaho’s nonprofits are significant to Idaho’s economy

Brings $2.3 Billion annually to the gross state product in 2013 from federal dollars

Idaho’s nonprofits add between 4 & 6% to Idaho GSP annually

One the largest of Idaho’s economic sectors

$129 M annual tax revenue

How many hours of volunteer labor did Idahoans give to their community or cause thru nonprofits last year?

What’da ya know?

The Big Multiplier – Volunteers!

58.2 M hours of volunteer labor annually

425,000 Idahoans volunteer annually

Rank 3rd per capita for volunteer time

If converted to wages: volunteer time $19.30/hr equaling $1.13 billion injection into economy (equivalent to 28,000 jobs)

What this means to Idaho and local communities

Nonprofit orgs play a significant role in quality of life, and economic survivability of the State

‘Boot-strapping’ at its bestPowerful reflection of Idaho’s ‘pioneer spirit of

independence’ and best of ‘interdependence’

The full report

www. Idahononprofits.org