NONPROFIT SECTOR
A recent report, commissioned by The Foraker Group and developed by the University of Alaska Anchorage Institute of Social and Economic Research, confirmed that Alaska has approximately 6,000 nonprofits -- more per capita (110 per person) than any other state. The sector employs 30,000 people or 10 percent of Alaska's workforce. Taken together, nonprofit organizations spent nearly $3.5 billion in 2005. That's virtually the same amount they received in revenue. Healthcare providers account for one-third of the spending.
Revenue for nonprofits comes from three sources - fees, government support and private giving - with the federal government providing the largest amount of funding at roughly $1 billion each year, or one-third of all Alaska nonprofit revenue. This percentage far exceeds the amount of federal support seen in other states. At the same time Alaska ranks lowest in the nation in personal giving from households making over $200,000 a year. For these reasons, it is vital that nonprofits operate as efficiently as possible to ensure that every dollar feasible goes to the organization's mission.
Tips for Nonprofits:
Share space.