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This has helped create a need for workers who can help them cut costs, operate efficiently, perform human resources services for employees and manage investments. With personal donations rising 13% in 2013 and 24% since 2007, nonprofits are seeing more money coming in. They need people with business education to provide financial and business fundamentals for their operations. The remaining roughly 450,000 are tax-exempt groups such as chambers of commerce, fraternal organizations and civic leagues.Īnd though the goal of these charities and foundations is not returning value to investors, nonprofit organizations in the country need to make and manage money in order to make a difference. Of those, about 950,000 are public charities with another 96,000 private foundations. There are about 1.5 million tax-exempt organizations, according to the center for charitable statistics. Nonprofits are a huge business and there are a lot of them. In 2013, Americans gave $416 billion to charitable causes, roughly the corporate worth of Amazon and Google combined. So how about an industry that accounts for more than 5% of the gross domestic product, pays 9% of the country’s wages and salaries and has assets of $2.9 trillion? The nonprofit industry had all of these things as of 2011, according to the latest information from the National Center for Charitable Statistics. The lure of working for large companies or industries is part of the attraction for students pursuing a bachelor’s in business administration or degrees in other business fields. Nonprofit recruitment has also shifted toward more experienced leadership, sometimes with headhunting in the for-profit sector.Business majors pondering a career after graduation may have visions of landing jobs at a Wall Street banking behemoth or tech titan like Google or Amazon. Yale, Stanford, Harvard, Berkeley and many other top business schools now offer nonprofit management programs, many with specialties in certain fields, such as environmentalism or education.
#NON PROFIT JOBS FOR BUSINESS MAJORS HOW TO#
Accounting firms such as Burr Pilger Mayer are offering Nonprofit Education Series to teach executives and accountants how to manage nonprofit payroll and taxes, topics that now occupy a large role in university programs as well. Instead, about 43 percent comes from fees paid for nonprofit services, and 32 percent comes from government sources.Īs for those nonprofits’ activities, the vast majority - about 75 percent - of those countries’ nonprofit gross value added (GVA) came from organizations that engage in services such as housing, education and health care, as opposed to “expressive” services like arts or sports.Īs nonprofits continue to grow, businesses and universities are moving to adjust. And despite the assumption that most nonprofits run solely on donations, the report found only about 23 percent of revenue is from philanthropic giving. On average, nonprofits in the 16 countries surveyed hired more workers than either transportation or construction industries. In the eight countries with historical data, the growth rate of the nonprofit sector’s contribution to GDP exceeded the growth rate of GDP. The results show a sector with a growing presence. The Johns Hopkins Center, together with the United Nations Statistics Division, collected data on these 16 countries to help remedy that problem.
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But countries often fail to keep good data on nonprofits. The report notes that a “ global associational revolution” has been underway around the world for decades now, with many nonprofits and aid organizations springing up. Official data on nonprofits is often lacking, however. This makes the nonprofit sector not only a major employer for countries around the world, but also a key contributor to the economy and an influence on many fields. “The State of Global Civil Society and Volunteering” report also found that nonprofit organizations accounted for around 4.5 percent of GDP on average. That number reaches more than 10 percent of the workforce for advanced economies like the United States, according to the report from Johns Hopkins University Center for Civil Society Studies. A new report has found nonprofits are now major employers in many countries, making up an average of 7.4 percent of the workforce - including volunteer workers - in 16 nations.