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(Wireless-NewsWire.Com, June 29, 2024 ) As per Maximize Market Research, the Global Non profit Market has grown at 3.6% CAGR amounting for $276.72 billion by 2022 since 2015. Covid saw a 9% drop in market, but from 2021 to 2023 market saw CAGR of 5.3%. Market is expected to reach $345.32 billion by 2029 at a 4.53% CAGR. The market faces main challenge in strategic marketing and competition with numerous other agencies.
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“2022 Nonprofit Organizations Market Key Facts & Figures”
Globally there are 10 million non-profit organizations
Over 1.3 million 501© organizations are in US
About 10% of US workforce is employed in the sector with 5-10% contribution in economy
10% workforce in US amounts for about 11.9 million individuals. This is third largest employer after retail and manufacturing.
Fees for programmes, commodities, & services account for 48% of revenue for public charities.
The government contributes 33%.
Charitable donations account for 13% of the total.
Investments & other sources account for 6% of the total.
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Nonprofit Organizations Market Segmentation:
By Type:
Human Services
Groups
Education
Organizations
Health Care
Organizations
Environment and animals
Religion related
By Development Mode:
Cloud Infrastructure
Data and AI
Productivity Solutions (like Google Workspace, M365 etc.)
By Organization Size:
Large Enterprise
Small & Medium Enterprise
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Nonprofit Organizations Market Key Players:
Bill & Melinda Gates Foundation
Direct Relief
Médecins Sans Frontičres
AmeriCares
The American Red Cross
The Nature Conservancy
UNICEF USA
The Rotary Foundation
Feed the Children
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