National Nonprofit Day 2023: Date, History, Facts about Nonprofit Sector

The Tariff Act was ratified on August 17, 1894. It exempted charitable organisations and charities from the federal income tax imposed on corporations.

National Nonprofit Day is observed annually on August 17 to recognise the ongoing efforts of nonprofit organisations to service their local communities. You are well aware of the significance of these charitable organisations if you have ever volunteered.

Nationwide, nonprofits strive to raise awareness and provide assistance to individuals who would otherwise be unable to afford it. Their actions contribute to the formation of our society and inspire optimism for the future.

We all contribute in some way, whether by volunteering, donating, or simply disseminating the word about a charitable organisation. In 2017, Americans contributed over $400 billion to charitable organisations. What a fantastic instance of collaboration!

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The background of National Nonprofit Day

The Tariff Act was ratified on August 17, 1894. It exempted charitable organisations and charities from the federal income tax imposed on corporations. Despite changes over the years, the exemptions for non-governmental organisations remain stable and continue to facilitate the operations of charitable organisations. These incentives make the nonprofit sector more accessible to new organisations.

National Nonprofit Day was founded by Sherita J. Herring, an author and respected speaker. Its objective was to educate and empower all individuals to be the change we wish to see in the world. Recognising that there are people in our midst who require assistance is the first step in altering our society for the better. Charitable organisations have been formidable combatants in the fight to close the wealth gap. They provide a forum for people to directly or indirectly assist the impoverished through donations.

The National Centre for Charitable Statistics reports that 1.5 million organisations are registered in the United States. By providing services like food shelters, affordable housing, medical care, legal counsel, and education, these organisations play a crucial role in community development. After-school activities are another significant contribution of the nonprofit sector, and the aftercare centres they operate are invaluable to the communities they serve.

Employing professionals such as solicitors, engineers, and nurses, the nonprofit sector is a major contributor to the national economy. In 2012, the nonprofit sector contributed up to $887.3 billion, or 5.4% of the nation’s Gross Domestic Product.