Inside Philanthropy: Nonprofits’ role central in economy, society

Inside Philanthropy: Nonprofits’ role central in economy, society: "Nonprofits’ role central in economy, society The economic impact of nonprofits is huge, the social role they play is critical, and the organizational challenges they face are daunting. “Nonprofit Awareness Month,” being celebrated during November in North Carolina, is a great time to nonprofits to promote the work they do and confront the obstacles they face. Roughly 1.4 million nonprofits, including 949,000 charitable organizations, are registered with the IRS and account for 5.2 percent of gross domestic product and 8.3 percent of salaries and wages paid in the U.S., according to the Nonprofit Almanac 2007 published by The Urban Institute."