Post Covid will mean less money to Non-Profit.
We must make the connection between activism and financing of activism.
Non-Profit is the big elephant in the room
Non-Profit will be curtailed dramatically.
Money sent to non-profit organizations will be hard to come by this 2020.
An the Non-Profit sector is big ! 5.4% of the US GDP. Compare with insurance, 2.8% and Oil&Gas 7.6%
"...in 1945, nonprofits contributed a rather paltry 0.9 percent of gross domestic product (GDP). By 1980, that number had gradually climbed to 2.9 percent of GDP. Today, (2018) nonprofits generate 5.4 percent of GDP.
Source: Brice S. McKeever, The Nonprofit Sector in Brief 2015: Public Charities, Giving, and Volunteering (Washington, DC: The Urban Institute, October 29, 2015).
Moreover, it is worth noting that the GDP figures understate the importance of the nonprofit sector. For example, in 2013 the nonprofit contribution to GDP was $905.9 billion, while nonprofit revenues were nearly twice as high, at $1.73 trillion idem
And according to “ Economic Impact,” National Council of Nonprofits, accessed May 6, 2018. As a percentage of employment, nonprofits employ an estimated 10.2 percent of the workforce. |
