FHSP Publishes Economic Impact of Nonprofit Sector in Pinellas County
Wednesday, July 26, 2017
Posted by: Jennifer Dodd
On July 24th, 2017, NLC CEO Emily Benham was on hand as the Foundation for a Healthy St. Petersburg released the findings of the Pinellas County Nonprofit Economic Impact Report at a special event on the campus of USF St. Petersburg.
As stated before the event, the Foundations (FHSP) felt that "nonprofits contribute significantly to the economy, as employers, providers, and consumers of valuable services, but all too often they are overshadowed by the private and public sectors."
The results of the commissioned study bear that out in no uncertain terms, as stated in the Report's Executive Summary:
While considerable attention is paid to the public and private sectors of the economy, the nonprofit sector can be overlooked. Nonprofit entities provide vital services and fill essential societal functions. Through community organizations and associations, they play an active role in a wide range of settings--from providing healthcare to serving as financial institutions, protecting the environment to funding the arts. The diversity of offerings provided by nonprofits can make the sector's impact seem smaller than it is. Thus, it is important to understand the contribution the nonprofit sector makes statewide as well as to the county's employment and to highlight its significance and economic contribution to our overall economy.
Pinellas County nonprofit organizations:
- Number over 4,167
- Directly employed more than 29,700 people in 2-016, or 6 percent of the Pinellas County employed workforce
- Compare in employment size to the finance and insurance sectors in the county
- Provide an annual payroll of $1 billion
- Hold assets of $12 billion
- Generate nearly $6 billion in annual revenue
- Rank 7th on the state for the number of nonprofits
With broad distribution across the county, organizations comprising the nonprofit sector provide a level of stability in many communities. Maintaining the critical infrastructure the nonprofit sector provides our economy is critical to our state and county's health and economic vitality.
And in this data-rich illustration.
FHSP also offers valuable information for those wishing to support nonprofits in Pinellas County.
Click this link to download and read the FHSP's summary report in its entirety.
FHSP demonstrated a deep commitment to continuing this vital research into the Pinellas County nonprofit sector by announcing a partnership with the NLC to research nonprofit capacity building needs in Pinellas County. Further details on this partnership will follow.
IN the meantime, we thank FHSP for its commitment to the nonprofit sector and its capacity building needs and encourage Pinellas County nonprofits and their supporters to participate in this vital research.
The NLC contact for this research project is Director of Strategic Solutions Tuesdi Dyer, 813-287-8779 or email@example.com.