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Donors Forum Issues the “Illinois Nonprofit Economy Report”

The Donors Forum, an association of grantmakers, recently released its latest research, the Illinois Nonprofit Economy Report: Implications for the Nonprofit Community. The report contains economic and employment information, as well as recommendations and implications for not-for-profit leaders, grantmakers, legislators and the public.

The report finds that the not-for-profit sector is important throughout Illinois, providing vital services and contributing to the economy of each of the state's 102 counties. Although the majority of the state's not-for-profits are located in the Chicago Metro region there tend to be more where populations are larger, every county in the state is served by not-for-profits. Eleven counties outside of the Chicago Metro region are each home to more than 100 not-for-profit organizations. Statewide, a strong local not-for-profit economic presence can provide economic stability amidst challenging economic times.

The research also shows that the not-for-profit sector in Illinois is strong—and growing. In 2005, there were just over 12,000 not-for-profits in the state—nearly double the number in 1990. With this growth, not-for-profits' contribution to the state's economy has also steadily increased. In the past fifteen years, nonprofit expenses—the best measure of their economic impact—grew by 163% to exceed $52.2 billiion in 2006. This exceeds the value of contributions made by durable good manufacturers.

To view this report, click here.

This publication is part of Blackman Kallick’s marketing of professional services, and is not written tax advice directed at the specific facts and circumstances of any person and/or entity. Contents of this publication are of a general nature, and you should not act on this information without obtaining professional advice from your business advisor that is appropriately tailored to your individual needs and circumstances. This written advice is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code.