How do nonprofits make a difference in Miami Florida? Consider these statistics:
The Miami Florida nonprofit business sector adds more than $12.5 billion annually to the economy, according to a survey.
Miami Florida nonprofit businesses account for 76,741 jobs, making it the third largest employment sector in the county.
In May 2006, Miami Florida had 7,354 registered nonprofit businesses, a 30% increase over 1999.
9% of all corporations in Miami Florida are classified as nonprofits.
With 11% of the state’s nonprofit businesses, Miami, Florida has more than any other county.
Miami, Florida’s nonprofit businesses have total assets of more than $14.3 billion, a 74% increase over 1999.
Miami, Florida Hospitals are the largest group in the sector with nearly $3 billion in assets and Miami Florida’s colleges and universities is second with more than $2.4 billion in assets.
The greatest growth in Miami, Florida since 1999 occurred in the area of Human Services that more than doubled in size to 1,764 organizations.
The number of jobs in the Miami, Florida nonprofit business sector increased by 15,258 from 2001-2006.
Fundraising remains “mission critical” to all Miami, Florida nonprofit organizations. Our approach helps meet the goals of every nonprofit and transform the life of each person involved with it. However, nonprofit organizations in Miami, Florida cannot raise major funding on good intentions alone. Success also depends on strategic vision, operational skill, profound sensitivity at highest levels, and careful follow through.
Miami Florida has many nonprofit organizations that raise money and perform deeds for people in need. For instance, an organization that uses its revenues to feed the homeless or educate children is a non-profit. The organization receives revenue by soliciting donations from the community or selling items to raise money for the cause.
Nonprofits do not operate in an effort to build wealth or revenue for the benefit of the owner, directors or shareholders. The main goal of a non-profit is to generate funds and volunteer assistance to help further its chosen cause. A non-profit organization can also act as a publicity vehicle to bring more attention to an issue in the community.
Nonprofit organizations help communities by providing volunteer work and money to complete needed projects. Because the organization is tax-exempt, it does not have to pay taxes on the money it raises.
Carlton & Company can help guide your nonprofit through a major gift or capital campaign that will meet its goals. Contact us today.