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Report: Kentucky nonprofits responsible for $27.3B in annual revenue

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9.1% of Kentuckians employed by nonprofits

LEXINGTON, Ky. (June 28, 2017) — Kentucky’s nonprofit sector brings in $27.3 billion in annual revenue, an increase of 13.8 percent from 2015, according to a report, “Kentucky Nonprofits: More than Charity,” released today by Kentucky Nonprofit Network, the state’s association of nonprofits.

The report found that one in 11 (9.1 percent) Kentuckians was employed at a nonprofit organization in 2015. Ten percent of all Kentucky wages—$3.91 billion—were paid to nonprofit workers.

Significant findings of the report include:

  • Kentucky’s nonprofit sector brought in $27.3 billion in annual revenue, an increase of 13.8 percent from the previous report in 2015.
  • The sector accounts for $48 billion in assets, representing a 24 percent increase.
  • The number of nonprofits has grown 9 percent since the 2015 report to 19,009 organizations.
  • 19.2 percent of recent post-secondary graduates held employment at a nonprofit.

The report also showed that there were 543 active foundations in Kentucky responsible for $185 million in grants and $3.2 billion in assets.

Nearly 800,000 volunteers logged 8.43 million hours of service, representing $1.7 billion in estimated value in 2015 — ranking Kentucky 36th in the nation. Nearly $2 billion in charitable donations were claimed by 82 percent of Kentuckians itemizing their tax deductions. The average contribution of those itemizing deductions was $4,842, ranking Kentucky 36th in the nation.