The NonProfit Times recently released its 2014 Top 100, an annual list detailing the yearly revenue of the nation’s largest nonprofit organizations.
This year’s list shows the numbers trending upward across the board, an indication of continued economic recovery and a very good all-around sign for the nonprofit industry.
In today’s post, we’ll provide a handful of encouraging findings from the new study.
About the 2014 NPT Top 100
The 26th annual study of the largest nonprofits in the United States is a snapshot of organizations based primarily on their Internal Revenue Service (IRS) Form 990 filings for the Fiscal Year Ending 2013. You can view the full list here.
14 Findings from the 2014 NPT Top 100
Here are some standout stats from The NonProfit Times study:
18 nonprofits on the list reported revenue of over $1 billion in 2013
$74.726 billion is the combined revenue of all 100 nonprofits on the list
7.75% increase in combined total revenue over the previous year
$37.624 billion of that total came from public support
8% increase in public support revenue over the previous year
$3.574 billion of that total came from investment income (the highest investment income total in six years)
36% increase in investment income revenue over the previous year
$19.1 billion of the total revenue came from program services
8% increase in program services revenue over the previous year
$69.8 billion was the total combined expenses of the 100 nonprofits on the list
4.5% increase in total combined expenses over the previous year
$60.5 billion of the combined expenses went toward program (or 87% of all expenses)
$3.8 billion of the total combined expenses went toward fundraising
17% increase in fundraising expenses over the previous year
Top 5 Nonprofits According to Annual Revenue
Here are the organizations that topped the 2014 NPT Top 100 along with their reported revenues (rounded off) for fiscal year 2013:
1. The Y (YMCA of the USA) – $6.6 billion
2. Goodwill Industries International – $5.1 billion
3. Catholic Charities USA – $4.3 billion
4. United Way – $4.2 billion
5. The Salvation Army – $3.7 billion
Heading in the Right Economic Direction
The key takeaway for nonprofits from the NPT Top 100 is that economic trends seem to be moving in the right direction for nonprofits after a bumpy ride over the past decade.
According to a quote from The NonProfit Times article detailing the study findings: “The economy was looking positive to begin the year and it ended that way; 2014 may be even better.”