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August 07, 2014

Calif. Nonprofits Drive $260-Billion in Economic Activity Annually

California nonprofits generate $260-billion in annual economic activity, according to a report commissioned by the California Association of Nonprofits.

Titled "Causes Count: the Economic Power of California's Nonprofit Sector,"  the report says that the state's nonprofits generate $208-billion in annual revenue and employ nearly a million people, making it the fourth-largest industry based on employment.

California is home to 25,000 nonprofits with paid staffs and 50,500 largely voluntary groups, the report says. The sector accounts for 15 percent of the gross state product, with tax receipts totaling $37-billion, according to the report.

California foundations make nearly $2-billion in grants to the state's nonprofits each year.