Welcome to the world of nonprofit organizations! You are starting down a noble path, following in the footsteps of so many who have chosen the path of service to the community (whether around the corner or around the world) instead of the pursuit of commercial gain in business. If you continue this pursuit, you will be joining a strong and dynamic segment of economy.
The National Center for Charitable Statistics reports that, at the end of 2008, there were more than 950,000 public charities, 110,000 private foundations, and more than 440,000 other nonprofit organizations (such as chambers of commerce, civic leagues and fraternal organizations) — more that 1.5 million nonprofits, all-in-all — registered and operating in the United States.
Public charities reported total revenues in 2007 in excess of $1.4 trillion, and total assets of nearly $2.6 trillion. Charitable giving totaled more than $280 billion for the same period, with religious, educational and human service organizations receiving the largest percentages of the donations.
Here is A Guide to Starting and Running a Nonprofit Organization
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