Who Will Be the Next Arts Revolutionary?
By Shawn Lent, Katie Ingersoll, Michael Feldman and Talia Gibas, posted to Createquity:
The story of the nonprofit model is part of the broader heritage of nonprofits, and follows a similar trajectory. A combination of intentional interventions and societal factors led to a massive expansion of the nonprofit sector in the United States in the middle of the 20th century, both in terms of size and portion of overall economic activity. Nonprofit expenses and assets actually outpaced the economy between 1994 and 2004 primarily thanks to the growth of hospitals, health organizations and private colleges. In 2012, there was 1 nonprofit for every 175 Americans.