Report reflects nonprofit organizations vital to Maine’s economy

By Ardeana Hamlin, BDN Staff
Posted Jan. 24, 2012, at 12:20 p.m.

PORTLAND, Maine — Maine’s economy is bolstered by nonprofit organizations and that is reflected in the 2010 “Partners in Prosperity: The Maine Nonprofit Sector Impact” report. It was written by the Maine Association of Nonprofits in Portland with support from the Maine Community Foundation and the Unity Foundation.

The findings of the report include:

• Most Maine nonprofits, 52 percent, are small, with an annual income of less than $25,000. Even so, those organizations mobilize 360,000 volunteers each year, making for one of the highest rates in the U.S.

• In 2007, Maine nonprofits poured $8.2 billion into the Maine economy through wages, retail and wholesale sales and professional services contracted, accounting for 17 percent of Maine’s gross product, greater than the manufacturing and construction industries combined.

• In the last quarter of 2008, nonprofits employed 1 in 7 workers, providing 82,823 jobs, making it the second largest employer in Maine.

• Maine nonprofits paid more than $3.1 billion in wages in 2008, providing an estimated $119 million of personal income tax revenue to state and local government and nearly $345 million in federal tax revenue.

• Nonprofit employment grew 2 percent in 2008 and for-profit employment declined by 3.3 percent in that year.

• Hospitals provide 37 percent of the nonprofit jobs in Maine, social assistance 15 percent, nursing and residential care 13 percent, educational services 11 percent and ambulatory health services 10 percent.

• Maine’s top three foundations for giving in 2007 were The Oak Foundation U.S.A., which gave $28,721,715; The Maine Community Foundation Inc., $16,218,149 and the Libra Foundation, $11,551,515. Seventh on the list was the Stephen and Tabitha King Foundation Inc., which gave $3,057,800.

To obtain copies of the report or for information, call 871-1885 or visit nonprofitmaine.org.

http://bangordailynews.com/2012/01/24/living/positively-maine/report-reflects-nonprofit-organizations-vital-to-maines-economy/ printed on October 31, 2014