Expenses for Religious, Grantmaking, Civic, Professional, and Similar Organizations, All Establishments, Employer Firms
RGCPASOEAEE3813 • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
296,985.00
Year-over-Year Change
91.41%
Date Range
1/1/1998 - 1/1/2022
Summary
This economic trend measures the expenses for religious, grantmaking, civic, professional, and similar organizations in the United States. It provides insight into the financial health and activities of the non-profit sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'Expenses for Religious, Grantmaking, Civic, Professional, and Similar Organizations, All Establishments, Employer Firms' series tracks the total expenses incurred by these types of organizations. It is an important indicator of the overall level of economic activity and spending within the non-profit industry.
Methodology
The data is collected by the U.S. Census Bureau through surveys of employer firms.
Historical Context
This metric is closely watched by policymakers, economists, and industry analysts to gauge the performance and contributions of the non-profit sector.
Key Facts
- The non-profit sector accounts for over 10% of U.S. GDP.
- Expenses for religious and similar organizations totaled $1.4 trillion in 2020.
- The non-profit industry employs over 12 million people in the United States.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total expenses incurred by religious, grantmaking, civic, professional, and similar non-profit organizations in the United States.
Q: Why is this trend relevant for users or analysts?
A: This metric provides valuable insight into the financial health and economic activity of the non-profit sector, which is a significant contributor to the U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of employer firms in the non-profit industry.
Q: How is this trend used in economic policy?
A: This metric is closely monitored by policymakers, economists, and industry analysts to gauge the performance and contributions of the non-profit sector, which has important implications for economic and social policies.
Q: Are there update delays or limitations?
A: The data is typically released with a 1-2 quarter delay and may be subject to revisions based on updated survey responses.
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Citation
U.S. Federal Reserve, Expenses for Religious, Grantmaking, Civic, Professional, and Similar Organizations, All Establishments, Employer Firms (RGCPASOEAEE3813), retrieved from FRED.