The profit in nonprofits

By John Bebow | Published: April 2, 2009

Michigan benefits from more than $100 billion in economic activity from the nonprofit sector, including hospitals, human services agencies, and thousands of interest groups including the likes of the Center for Michigan, according to a new report.

A few details… Michigan Nonprofits:

  • Number over 47,000—an increase of 14 percent since 2001 (41,000) and 25 percent since 1997—with nearly 10,000 new organizations since 1997
  • Employ directly more than 440,000 people (an increase of 40 percent from 315,000 in 2001), or ten percent of the Michigan workforce
  • Pay their employees more than $4 billion per quarter
  • Generate an additional 161,000 jobs as a result of spending by the organizations
  • Hold assets of over $179 billion, up 71 percent from $105 billion in 2003
  • Receive more than $133 billion in annual revenue, an increase of 85 percent from $72 billion in 2003
  • Generate more than $108 billion each year in overall economic activity, through direct expenditures of more than $60 billion, which creates indirect and induced economic effects of an additional $48 billion
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