New Press Release
The Philadelphia Foundation to Determine Impact of Nonprofits
The Economy League was commissioned by the Philadelphia Foundation to conduct a two-part analysis of the state of nonprofits in Greater Philadelphia. While more than 15% of jobs in the five-county region are in the nonprofit sector, the state of the financial health of the sector remains unknown.
The research will benchmark the current state of economic health of the region's nonprofit sector, quantify measures relating to the sector's value and impact, and compile aggregate measures of size and employment to develop a region-wide database of nonprofits. The intent of the research is to identify challenges, risks, and opportunities relating to the effectiveness and sustainability of the region's nonprofit community, develop tools for analyzing trends relating to the financial health of the local nonprofit sector, and identify potential opportunities and risks.
The goal of the study is to help nonprofits build their capacity so they move toward becoming more self-sustaining and less vulnerable to economic swings. ...more