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The Economic Impact of Nonprofits in Utah: Revenue, Employment, and Services

This report provides an overview of the economic impact of nonprofits in Utah, including their revenue and expenses, employment, and the services they provide to the community. It highlights the growth of the nonprofit sector in Utah and the significant contribution it makes to the state's economy. The report also emphasizes the importance of volunteer labor and the high level of volunteerism in Utah. It includes best practices for nonprofits and showcases the positive impact of nonprofits on the quality of life in Utah, as perceived by the community and nonprofit leaders.

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The Economic Impact of Nonprofits in Utah: Revenue, Employment, and Services

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  1. Utah Museums Association

  2. The Economic Impact of Nonprofits Spending Nonprofit’s revenue and expenses, which represent money and services these organizations bring into our communities. 2014 Nationally - 371,000 reporting public charities. Spent $1.56 trillion and held $2.99 trillion in assets Growth in Utah between 2003-2013: 16.9% Total gross revenue in Utah: Over $12 billion in 2013 8.84% of Utah’s Gross Domestic Product

  3. The Economic Impact of Nonprofits Employment Nonprofits rely on paid employees as well as volunteer labor. • Utah nonprofits employ 63,600 people / 5.5% of the state’s workforce • Volunteer labor is essential to the work of nonprofits and Utah #1 in Volunteerism in US • Over 970,000 Utahns volunteered in 2014. • 3.7 Billion Dollars worth of service were given (1hour of volunteer time = $23.07/hour) Sources: http://independentsector.org/uploads/Policy_PDFs/stateprofiles/utah.pdf Number of nonprofit employees: Holding the Fort: Nonprofit Employment During a Decade of Turmoil, Lester Salamon and S.Wojciech Sokolowski, Stephanie L. Geller, Nonprofit Employment Bulletin #39, Johns Hopkins Center for Civil Society Studies, 2012 {Data is 2010, page 3} USEVE 2014 Annual report

  4. The Economic Impact of Nonprofits Services • Nonprofits provide needed and necessary services to their communities. • 76% of nonprofits in Utah reported an increase in the demand for services from 2012 to 2013.

  5. Best Practices National Council on Nonprofits

  6. Standards of Ethics I MISSION II GOVERNANCE III FINANCIAL AND LEGAL ACCOUNTABILITY IV FUNDRAISING V COMMUNICATIONS VII INFORMATION MANAGEMENT VIII PUBLIC POLICY ADVOCACY IX EVALUATION

  7. Suzanne Walker, Executive Director of the Midvale Arts Council “I am a new Executive Director of a Local Arts Agency. I have been looking for ways to increase my knowledge and skills to be able to take our organization to the next level. This module was so valuable! Each organization was different in regards to size, experience, service area, etc. However, we all struggle with similar issues. It was wonderful to be able to network with an amazing group of people. We were provided valuable tool kits to use in our organizations to put these best practices to use!"

  8. General Community Perceptions on Quality of Life Impact

  9. Purpose • Community Perceptions • Nonprofit Leaders Perceptions

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