Market

 

How Big is the Social Purpose Market?  

The Social Purpose Sector collectively represents the Third Sector of the economy.

United States Social Purpose Sector Market1

  • 1,521,052 tax-exempt organizations
  • 11% of all wages and salaries paid in the United States.
  • 5.5% of GDP
  • $1.65 trillion in total revenues and $1.57 trillion in total expenses.
  • $3 trillion in total assets
  • $316 billion charitable contributions
  • Individuals gave $228 billion
  • Foundations gave $51 billion

Canadian Social Purpose Sector Market2

  • 170,000 charitable and nonprofit organizations in Canada.
  • 85,000 of these are registered charities (recognized by the Canada Revenue Agency).
  • 11% of total Canadian GDP, more than the retail trade industry and close to the value of the mining, oil and gas extraction industry
  • 2,000,000 Canadians are employed in the charitable and nonprofit sector
  • 13,000,000+ people volunteer for charities and non-profits
  1. National Center for Charitable Statistics
  2. Imagine Canada

This Sector as a combined economy would equal the fifth largest economy in the world.