Nonprofit Institutions Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 4/1/2024
SIC Codes: 8641
NAICS Codes: 81321, 81331, 81341
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Nonprofit Institutions Industry Profile

Institutions in this industry include grantmaking foundations, giving services, advocacy groups, civic clubs, and social organizations. Major institutions include AARP, the American Cancer Society, the Nature Conservancy, and the Pew Charitable Trusts (all based in the US), as well as BRAC (Bangladesh), the International Federation of Red Cross and Red Crescent Societies (Switzerland), and the National Trust and Oxfam (both based in the UK).

Nonprofits worldwide continue to work to address challenges posed by international crises over the past several years, including conflicts displacing millions of refugees. More than 90% of natural disaster-related deaths occurred in developing economies, according to the United Nations country classification from 1970 through 2019.

The US nonprofit institutions industry includes about 65,000 establishments (single-location organizations and units of multi-location organizations) with combined annual revenue of more than $170 billion.

Although technically distinct, the terms "nonprofit," "tax-exempt," and "charitable" are often used interchangeably. Nonprofits are sometimes referred to as "501(c)" entities, after the section of the US Internal Revenue Code that defines their tax status.

Similarly structured groups with different missions are covered in the Membership Organizations industry profile. Some organizations that operate as nonprofit entities, such as colleges and universities, hospitals, and religious organizations, are covered in other industry profiles.


Demand is driven by the need to represent special interests or provide social services that are not met by the market or government. ...

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