Find stats on top websites

Industry Landscape

The non-profit capacity building sector is experiencing steady growth, driven by increasing recognition of the need for strategic support within non-profits. Organizations are seeking sustainable solutions beyond traditional funding, leveraging skilled volunteering and corporate partnerships. Digital transformation and impact measurement are key trends, pushing for more efficient and effective service delivery.

Industries:
Pro BonoNon-profitConsultingCSRPhilanthropy

Total Assets Under Management (AUM)

Number of Non-Profit Organizations in United States

~1.5 million (2023 estimate)

(1.0-2.0% (estimated) CAGR)

- Growth primarily from new formations and continued demand for social services.

- Sector stability despite economic fluctuations.

- Increased focus on collaborative efforts for greater impact.

Total Addressable Market

Approximately 2.8 trillion

Market Growth Stage

Low
Medium
High

Pace of Market Growth

Accelerating
Deaccelerating

Emerging Technologies

AI-Powered Matching Platforms

AI and machine learning can optimize the matching of non-profit needs with volunteer skills and availability, significantly improving efficiency and project success rates.

Collaborative Project Management Software

Advanced collaborative platforms with integrated communication, task management, and document sharing features can streamline pro bono project execution and enhance cross-team efficiency.

Blockchain for Impact Measurement

Blockchain technology could offer transparent and immutable record-keeping for pro bono project outcomes, enhancing trust and simplifying impact measurement and reporting.

Impactful Policy Frameworks

Nonprofit Revitalization Act (Varies by State, e.g., NY 2013, 2021 Amendments)

While not a single federal act, many states, like New York with its Nonprofit Revitalization Act (originally 2013, with amendments in 2021), have updated their laws governing non-profit corporate governance, financial oversight, and operational transparency.

These acts increase the compliance burden for non-profits, potentially creating more demand for pro bono legal and financial consulting services, and requiring Compass to ensure its non-profit partners are aware of these requirements.

IRS Form 990 Revisions (Ongoing, most recent significant changes in 2008 and subsequent updates)

The IRS Form 990, the annual information return for tax-exempt organizations, undergoes periodic revisions to enhance transparency and provide more detailed financial and governance information to the public.

Increased complexity in financial reporting can drive non-profits to seek pro bono accounting and financial management expertise, which Compass Pro Bono can help facilitate.

State Charitable Solicitation Regulations (Varies by State)

Each state has its own regulations regarding charitable solicitations, including registration requirements, reporting, and disclosures, which are regularly updated to address new fundraising methods (e.g., crowdfunding, online giving).

Non-profits require ongoing assistance to navigate these diverse and evolving regulations, creating opportunities for pro bono legal and compliance support that Compass can provide.

Transform Your Ideas into Action in Minutes with WaxWing

Sign up now and unleash the power of AI for your business growth