Thursday, February 03, 2005

Cleburne News - Local non-propfits make positive impact

Cleburne News - Local non-propfits make positive impact: "Local non-propfits make positive impact

A recent report on non-profit organizations in Alabama shows that three groups in Cleburne County make a positive impact.
The report, The Alabama Nonprofit Sector Report, aims to build awareness about the vital role nonprofits play in Alabama�s economy.
The primary source for the data comes from Form 990 annual reports filed with the Internal Revenue Service by charitable groups with over $25,000 gross annual receipts and information from the Nonprofit Resource Center of Alabama.
�At the end of 2002, Alabama had nearly 10,500 charitable nonprofit organizations registered with the IRS, and this figure does not include the state�s foundations and religious organizations which also positively impact their communities,� said George Elliott, NRCA�s executive director. �Of this amount there were 3,161 reporting charitable nonprofits, and these organizations had $6.6 billion in expenditures in 2002 - five percent of the Gross State Product in Alabama. Also, the value of the assets of the reporting nonprofits totaled $11.6 billion. These figures underscore the tremendous impact that Alabama�s nonprofit sector has on our state�s economy.�"

No comments: