November 9, 2006

The Nonprofit World: Its Size and Scope

Nonprofit groups are growing in number and in wealth, show new data released by the Urban Institute, in Washington. The number of nonprofit organizations recognized by the Internal Revenue Service grew by 27 percent from 1994 to 2004, according to a preview of the Nonprofit Almanac 2007, released last month.

Revenue, expenses, and assets of nonprofit groups grew far faster than the rest of the economy during that time. While the gross domestic product rose 37 percent, those

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