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.