Tag Archives: American Red Cross

NOT-FOR-PROFIT DOES NOT MEAN NOT-FOR-ME

BY: Adam Gavriel

I already know what you’re thinking, not-for-profit? Pass, I want to make money. Toss that preemptive thought away. Not-For-Profit (NFP) organizations are all around us every day. Think the American Red Cross, or the public schools you went to as a child, or the public schools you send your children to today.

Some quick facts about NFPs in the United States

  • 1,574,674 tax-exempt organizations, including:
    • 959,698 public charities
    • 100,337 private foundations
    • 514,639 other types of nonprofit organizations, including chambers of commerce, fraternal organizations and civic leagues.

(Source: NCCS Business Master File08/2011)

  • In 2009, nonprofits accounted for 9% of all wages and salaries paid in the United States.
    (Source: BEA 2010)
  • Nonprofit Share of GDP was 5.4% in 2009. (Source: BEA 2010)

Just because a company is entitled a NFP does not mean that its employees do not get paid. State governments are NFP organizations, but do you think those guys work for free? I don’t think so.

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