By Bruce A. Seaman, Dennis R. Young
Nonprofit companies are arguably the quickest growing to be and such a lot dynamic a part of glossy marketplace economies in democratic nations. This booklet explores the frontiers of data on the intersection of economics and the administration of those entities. The authors assessment the function, constitution and behaviour of non-public, nonprofit businesses as monetary devices and their participation in markets and platforms of public carrier supply, investigate the results of this information for the effective administration of nonprofit companies and the formula of potent public coverage, and establish state of the art questions for destiny learn. Chapters deal with 5 large different types of scholarship: improvement and administration of the varied monetary assets helping nonprofit firms; industry habit of nonprofits; strategic financial decision-making; overview and function of them; and affects and implications of public rules affecting nonprofit agencies. issues contain: source of revenue diversification and crowd-out between source of revenue resources, paid and volunteer hard work markets, festival and collaboration between nonprofits and for-profits, pricing and diversification of nonprofit services and products, functionality size and rules, contracting, franchising and federation practices, and govt taxation and investment. The booklet might help nonprofit students establish new parts of effective study, aid working towards managers comprehend the underlying economics in their decision-making, and supply academics and scholars a concise and penetrating view of key financial dimensions to coping with nonprofit agencies.
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Extra info for Handbook of Research on Nonprofit Economics and Management
Horne (2005, p. 28) notes that while government grants and contracts only comprised 1 percent of the revenues of the religion sector, they accounted for 53 percent of those of the crime-related nonprofit organizations. Hospitals in his sample derived less than 1 percent of total revenues from donations, while international affairs organizations’ donations accounted for 58 percent of their revenues. Organizations too small to report to the IRS are not included in this sample, and their revenue profile may well differ from the reporting organizations.
This is because the commercial revenues of nonprofits are reported separately under business tax laws and, consequently, it is very difficult to identify all of the for-profit activities/ enterprises of commercial nonprofits, difficult to identify complementary and substitute activities, hard to reconstruct revenue streams from the two sources of revenue, and very difficult to identify multiple sources of compensation (Tuckman, 2009). Because hybrid nonprofits exist at the border between the for-profit and nonprofit sectors, society has a strong interest in their activities, particularly since over time the Income diversification 13 two sets of activities are likely to blur.
Tuckman (1994), ‘Revenue diversification among non-profits’, Voluntas: International Journal of Voluntary and Nonprofit Organizations, 5 (3), 273–90. Chang, Cyril F. and Howard P. Tuckman (1996), ‘The goods produced by nonprofit organizations’, Public Finance Review, 24 (1), 25–43. , Amanda L. Wilsker and Dennis R. ’ Andrew Young School of Policy Studies Research Paper Series, Georgia State University, No. 07-32. Friedman, Thomas L. (2005), The World is Flat, New York: Farrar, Straus and Giroux.