The U.S. is home to 837,027 charitable nonprofits, up 68 percent since 1993, and the sector's asset based is larger than the economies of all but five countries, a new study says.
More than two in three nonprofits in the U.S. have assets of less than $25,000 and so are not required to file reporting documents with the IRS.
The combined assets of those that do report to the IRS totaled $1.76 trillion in 2003, up from $866 billion in 1993, the report says.
Human services groups accounted for about one in three reporting nonprofits, the report says, followed by education and health care/mental health organizations.
[Philanthropy Journal]
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