May 15, 2008

The Nonprofit World: Its Size and Scope

Nonprofit groups are growing faster than the rest of the economy, according to figures released this month by the Urban Institute in Washington.

While the U.S. gross domestic product increased by approximately 35 percent from 1995 to 2005, after adjusting for inflation, the revenue of nonprofit groups rose by nearly 55 percent and their total assets grew by 77 percent. Nonprofit groups account for 5 percent of the gross domestic product, according to data reported in the Nonprofit

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