|
|
Report Shows State Nonprofits More Than Charity
Editor:
Laura Skillman
LEXINGTON, Ky., (April 25, 2007) – A report released by the
University of Kentucky Nonprofit Leadership Initiative
highlights the social and economic impact of the state’s
nonprofit sector.
“More Than Charity: Kentucky Nonprofit Report 2007” features the
most recent information and statistics on Kentucky’s nonprofit
organizations.
“This report will confirm what many nonprofit leaders have been
saying for some time, the nonprofit sector is more than charity
and should not be overlooked,” said Danielle Clore, director of
the Nonprofit Leadership Initiative. “It is important that
Kentuckians – community leaders, policy makers, the business
community, citizens – recognize that the nonprofit sector
provides vital services and programs for our communities, all
aimed at improving our quality of life. But this report also
illustrates that the sector is more than services provided; the
nonprofit sector has an important impact on Kentucky’s economy.”
The nonprofit sector in Kentucky comprises a vast and diverse
set of organizations that include childcare centers,
environmental, advocacy, and civil rights groups, hospitals,
food pantries, educational institutions, theaters, and
faith-based organizations.
The report draws on 2004 data that nonprofit organizations are
required to file with the Internal Revenue Service, among other
sources. Highlights include:
• Kentucky’s nonprofit sector contributed more than $11 billion
to Kentucky’s economy in 2004 and held assets of nearly $17
billion.
• Kentucky’s nonprofit sector accounts for approximately 9
percent of the gross state product.
• In Kentucky, 4,263 nonprofits had gross receipts of more than
$25,000 and were required to file the IRS Form 990. These
organizations, often referred to as “reporting” nonprofits,
provide much of the data available on the sector.
• The major source of revenue for nonprofits in Kentucky is the
fees charged for services and programs, accounting for 80
percent of all income received.
• Human services organizations make up the largest portion of
Kentucky’s reporting charitable nonprofits at 38 percent, but
those organizations had only 11.85 percent of nonprofit
expenditures and held only 13 percent of total assets.
• Private contributions make up 9 percent of nonprofit revenue
in Kentucky. The average charitable contribution of Kentucky
itemizers was $3,061, consistent with the national average of
3.9 percent of income donated to nonprofits.
• The James Graham Brown Foundation of Louisville was the
largest foundation in Kentucky with over $408 million in assets
and distributing nearly $18 million in 2004.
The full report, including county specific data, is available at
http://www.kynonprofits.org.
The Nonprofit Leadership Initiative is an outreach program of
the UK College of Agriculture. The Initiative’s mission is to
serve, support and strengthen the nonprofit sector in Kentucky.
The Initiative provides quality programs and services that
encourage nonprofit collaboration, effectiveness, accountability
and innovation to strengthen communities.
|
|
Contact: Danielle Clore, 859-257-1037
|
|
The UK College
of Agriculture, through its land-grant mission, reaches across
the commonwealth with teaching, research and extension
to enhance the lives of Kentuckians. |
Questions/Comments,
e-mail the
webmaster
Copyright © 2001-2006 University of Kentucky, College of Agriculture,
Kentucky Cooperative Extension Service |
News Home
Other Headlines This Week
More
News
RSS Now Available
for those
using news aggregation programs
College News
|
