Thursday, November 29, 2007

Press-Telegram - L.B. gains $1.8B from nonprofits

Press-Telegram - L.B. gains $1.8B from nonprofits: "L.B. gains $1.8B from nonprofits Panel at CSULB finds groups also spend most of their money on services in Long Beach. By Kristopher Hanson, Staff writer Article Launched: 11/28/2007 10:20:59 PM PST LONG BEACH - A new study shows that local nonprofits employ more than 13,000 people, inject close to $1.8 billion annually into the local economy and spend nearly 84 cents of every dollar generated on direct services in Long Beach.
But the report fails to include the total impact of churches, synagogues and other religious groups, instead focusing strictly on the social service arms of those organizations.
And in a finding that hardly comes as a surprise to people in the field, the study shows that nonprofit employees are generally paid less than their for-profit counterparts."

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