The Nonprofit Institute at the University of San Diego publishes an annual report analyzing the economic health of the NPO sector and its impact on our community. Did you know that there are 11,234 registered 501(c)(3) public charities in San Diego County? Read on for more surprising facts about the sector.
The Nonprofit Institute at the University of San Diego published its annual report on the state of the nonprofit sector in San Diego. The report highlights the role of the NPO sector in our community. The research team pulls data from a variety of sources and provides interesting insights. Click here to access the full report.
Of the 11,234 registered public charities, 2,550 of them employed staff, with just over 115,000 paid employees. The largest number of organizations is in the Human Services (32%) and Education/Other (18.5%) sectors.
In terms of assets, there were approximately $29.7B of assets in local charitable organizations. Of that amount, $2.6B of assets were held by over 700 private foundations. In looking at the breakdown of assets by sector, the Hospitals and Health sector, which represents 10.4% of the organizations had 57.5% of the total assets. This sector is particularly strong in San Diego County, where Sharp, Scripps, Rady’s Children’s Hospital all have a large presence.
The report found that 37% of San Diego area households volunteered with local nonprofits and 50% of households made monetary donations to nonprofits. The impact of the Tax Cut and Jobs Act of 2018 on charitable giving has yet to be determined and it is unclear whether the larger standard deduction will reduce donations.
In terms of public confidence and leadership, nonprofit organizations received the highest rating, ahead of for profit organizations and federal, state or local governments.
With so many organizations in our community, it can be difficult to evaluate where to commit your charitable dollars or spend your volunteer hours. An organization’s Form 990 provides valuable information on the type of programs it conducts and how it spends its funds. The board members are shown, along with details on compensation and fundraising activities. If you are interested in learning more about how to read the 990 or evaluate its contents, please feel free to contact your L&B professional at 858-558-9200.