Report: Colorado's Nonprofit Sector Supports $62 Billion in Economic Activity
DENVER, April 4, 2024 /PRNewswire/ -- Today, Governor Jared Polis joined nonprofit, business and community leaders, as well as elected officials to share the latest report about Colorado's robust nonprofit sector, which supports 260,000 workers.
- The Colorado Nonprofit Economic Impact Report is developed every five years to track this vital sector of the state's economy.
- Some of the highlights of the findings included:
The sector directly employs 182,000 people, supports 54,000 jobs in business-to-business activity and 26,000 jobs through household spending, which is 10 percent of all jobs. - The total economic impact increased by 55% to $62 billion in 2024 from $40 billion in 2019.
- Nevertheless, it's encouraging to see the continued growth and strength of the nonprofit sector and the meaningful impact on the economic well-being of our state and its people."