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Local nonprofit organizations contribute $6 billion to local economy


As probably the most complete examination of our area’s nonprofit trade ever tried, the research establishes a baseline for measuring the influence of nonprofits in Bexar County. The lead researchers of this research, Dr. Richard Butler and Dr. Mary Stefl of Trinity College, have partnered with the chamber of commerce for over twenty years to provide related research for different industries within the area.

“Nonprofits are the center of the group, enhancing the standard of life in our space, however they’re typically ignored for the central function they play in our financial system,” stated Marjie French, CEO of the San Antonio Space Basis. “They stand shoulder to shoulder with different industries and contribute to the financial power of their communities on the native, state and nationwide ranges.”

The research discovered that nonprofits are one of many area’s largest industries, with annual revenues and expenditures of $6 billion. Nonprofits make use of practically 68,000 San Antonians, or roughly 7 % of the labor pressure, paying them $2.5 billion per 12 months. Whereas town’s charitable organizations are broad in scope, specializing in every little thing from the humanities to recreation and sports activities, roughly 60 % are in human providers, group enchancment and schooling sectors.

“The numbers are important and simple—nonprofits are main gamers as employers and companions in bettering the standard of life in our area,” stated Richard Perez, President and CEO of the San Antonio Chamber of Commerce.”

Nonprofit employment all through Texas grew 29 % between 2007 and 2017. Most nonprofits in Bexar County are small, with practically 80 % using fewer than 10 workers members. Nevertheless, over two dozen nonprofit organizations within the space make use of greater than 500 individuals, largely within the schooling and healthcare sectors.

Greater than half of Bexar County nonprofits have annual revenues of lower than $250,000, whereas the revenues of 99 Bexar County nonprofits are in extra of $10 million. Ten massive organizations generate income of greater than $10 million.

“This research exhibits that nonprofits are a strong pressure in San Antonio’s financial system and helps us perceive that by supporting them, we’re supporting the resiliency of our group,” stated French.  “We hope that is solely a place to begin that permits us the chance to trace the numerous function nonprofits will play in our restoration.”

Click on right here for a video message from Mayor Ron Nirenberg: https://cosatx.sharepoint.com/:v:/s/TeamGPA/EYTAYDNKe_5JmViA9PhUCV8BxrnAwb6vgWCzpS02Z95Sow?e=FA6LiK

For extra details about the research go to www.saafdn.org.

MEDIA CONTACT: Martin Acevedo, [email protected], (210) 317-2345

SOURCE San Antonio Space Basis

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