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Every Monday at 6:42 a.m. and 8:42 a.m., Taylor Mazdra provides information on what's happening in the area of regional development in Southeast Missouri. Taylor is the Marketing and Communications Specialist with the Cape Chamber. 0000017b-d583-d84a-afff-fdd77fc70000Local support for Let's Talk Business comes from First Midwest Bank -- offering banking solutions for all stages of life. Online at onemidwest.com. Member FDIC.

Let's Talk Business: Impact of the Non-Profit Sector in Southeast Missouri

Humane Society of Southeast Missouri
The Humane Society is one of the more than 700 non-profits in Cape County.

My guess is you’ll find these numbers as surprising as I did. They are certainly important to be aware of and understand.

The non-profit sector is big business in the United States, the state of Missouri, and right here in Cape Girardeau County. Some eye-opening information is contained in a study of the economic impact of the non-profit sector conducted by the University of Missouri – Kansas City just prior to the pandemic.

Nationally, there are more than 1.4 million nonprofits with $2.26 trillion dollars in revenue and more than $5 trillion dollars in assets. Thirty six percent of these are in the human service category with education coming in second at 17%. More than 62 million people volunteered in the reporting year which represents 25% of the population. They logged an estimated 8.7 billion total hours.

Missouri is home to more than 32,000 nonprofit agencies that account for more than 10% of total non-governmental sector employment and more than $10 billion dollars in annual wages.

Here at home, Cape Girardeau County has more than 700 nonprofits with $1.5 billion dollars in assets and they generate more than $1.2 billion dollars in income. Annual giving in Cape County is estimated to be more than $68 million dollars and exceeds the national average of 2%.

The nonprofit sector has significant economic impact as displayed by these numbers but also in the purposes and causes they address.

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