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THE SIMPLIFIED GUIDE TO NOT-FOR-PROFIT ACCOUNTING, FORMATION & REPORTING
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There are very few studies showing the exact number of not-for-profit (NFP) organizations in existence in the United States. The reason for this is the enormous diversity in legal structure, type of activities performed, and level of tax exemption and reporting that NFP organizations encompass. The few studies that have been performed show the number of NFP organizations has grown almost exponentially in 30 years. In 2005 the NonProfit Times reported that the total number of nonprofit organizations in the United States stood at about 1.5 million. Broken down, this would be about 850,000 public charities, 100,000 private foundations, and the bal- ance, all other types (chambers of commerce, civic leagues, etc.) In 2009, the number is probably closer to over 2 million. The Internal Revenue Service has approximately 1.5 million organizations classified as fully exempt from taxes and another 400,000 that have partial exemption, such as churches that file annual information returns (i.e., Form 990s) but never applied for tax exemption and certain pension trusts and political organizations. If all churches, including those that do not file any returns are included, as well as very small community, sports, and other groups, the number of NFP organizations could be between 2 and 2.5 million.
Laurence Scot - Personal Name
First Edition
978-0-470-57544-4
NONE
The Simplified Guide to Not-for-Profit Accounting, Formation, and Reporting
Accounting
English
2010
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