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Industry Landscape
The US non-profit sector is vast and diverse, constantly adapting to societal needs and economic shifts. It faces increasing demand for services amid fluctuating funding, requiring innovative fundraising and partnerships. Digital transformation and impact measurement are critical for sustainability and donor engagement. Growth is driven by social consciousness and corporate social responsibility initiatives.
Total Assets Under Management (AUM)
Total Charitable Giving in United States
~557.17 Billion USD (2023)
(10.0% (2023) CAGR)
- Giving by individuals: largest component. - Foundations and corporations: significant contributors. - Driven by economic conditions and philanthropic trends.
Total Addressable Market
557.17 Billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Impact Measurement
AI and machine learning can analyze vast datasets to provide real-time, granular insights into program effectiveness and demonstrate quantifiable impact to donors.
Blockchain for Transparency
Blockchain technology can provide immutable and transparent records of donations, expenditures, and project milestones, building trust and accountability with stakeholders.
Gamified Fundraising & Engagement
Integrating gamification elements into fundraising campaigns and volunteer programs can increase donor engagement, participation, and retention through interactive experiences.
Impactful Policy Frameworks
Nonprofit Revitalization Act (New York, 2013)
This act aimed to streamline governance, improve accountability, and reduce administrative burdens for non-profit organizations in New York, which often serves as a model for other states.
While a state-level policy, it sets precedents for best practices in governance and financial oversight, influencing buildOn's operational transparency and board structure.
CARES Act (2020) - Universal Charitable Deduction
The CARES Act introduced a temporary universal charitable deduction for cash donations, allowing individuals to deduct up to $300 (or $600 for joint filers) even if they did not itemize their taxes, which was extended through 2021.
This policy incentivized smaller, non-itemizing donors, potentially expanding buildOn's individual donor base and encouraging more monthly giving.
Advancing America's Nonprofit Sector Act of 2023 (Proposed)
This proposed bipartisan legislation seeks to strengthen the non-profit sector by streamlining grant processes, improving data collection, and enhancing government-nonprofit partnerships.
If enacted, this could simplify grant applications and foster more strategic partnerships with government entities, potentially increasing funding opportunities for buildOn.
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