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Resource ID: #9900
Subject: Nonprofits
Source: Philadelphia Inquirer
Date: 2024-04-24


"Nonprofit businesses are American's fastest growing industry. Yet the government doesn't keep track. There are 1.2 million organizations tax-exempt as a nonprofit, including many surprisingly profitable ones. Like the NFL. ...[ The reporters] determined the magnitude and cost of these tax-exempt businesses, which made $500 billion in 1990 -- nearly six times the incomes of farms of five times that of utilities...Taxpayers make up for what these businesses don't pay -- more than $36 billion a year, by the reporters' calculations. What do taxpayers get in return? Damned little charity." Seven-part series includes: big profits, big salaries, growing commercialism of nonprofit hospitals, universities, museums and other institutions.

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