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Industry Landscape
The non-profit sector is experiencing steady growth, driven by increasing awareness of social issues and a desire for community impact. Digital transformation is key for fundraising and engagement. Economic fluctuations can impact donations, necessitating diverse funding strategies. Collaboration among non-profits and with corporations is becoming more prevalent to address complex challenges effectively.
Total Assets Under Management (AUM)
Total Charitable Contributions in United States
~516.60 billion USD (2022)
(3.4% CAGR)
Total charitable giving in the US increased in 2022. This growth was primarily driven by contributions from foundations and corporations. Giving by individuals saw a slight decrease, while bequests remained relatively stable.
Total Addressable Market
516.60 billion USD
Market Growth Stage
Pace of Market Growth
Emerging Technologies
AI-Powered Philanthropy Platforms
AI and machine learning can optimize donor matching, predict giving behavior, and personalize outreach, leading to more efficient fundraising and engagement.
Blockchain for Transparency
Blockchain technology can provide immutable and transparent records of donations and their usage, enhancing trust and accountability in the non-profit sector.
Virtual Reality for Impact Storytelling
VR can create immersive experiences to showcase the impact of programs, engaging donors and beneficiaries more deeply and fostering empathy.
Impactful Policy Frameworks
Nonprofit Revitalization Act of 2013 (New York - model for other states)
While not federal, this act, adopted in New York and influencing other states, reformed governance, financial oversight, and operational efficiency standards for non-profits.
This policy pushes non-profits towards stronger governance structures and transparency, impacting United Way of Palm Beach County's internal compliance and donor confidence.
IRS Form 990 Revisions (Ongoing, e.g., 2020/2021 focus on Schedule B)
The IRS continuously revises Form 990, the annual information return for tax-exempt organizations, with recent changes focusing on donor privacy (Schedule B) and transparency requirements.
Updates to Form 990 directly influence United Way of Palm Beach County's financial reporting and transparency obligations to the public and regulatory bodies.
Florida Solicitation of Contributions Act (Chapter 496, Florida Statutes)
This Florida statute governs charitable organizations and professional fundraisers, requiring registration, disclosure, and prohibiting fraudulent practices in soliciting contributions.
This act directly regulates United Way of Palm Beach County's fundraising activities and ensures compliance with state-specific consumer protection and transparency laws.
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