Merging finance and social impact to make a better world
A groundbreaking study conducted by the Human Services Chamber of Hamilton County in collaboration with the Alpaugh Family Economics Center at the University of Cincinnati has quantified the economic and social impact of nonprofits in Greater Cincinnati. The findings highlight the critical role nonprofits play in job creation, economic growth, and social services while generating substantial tax revenue for local and state governments.
A comprehensive study titled “Arts & Economic Prosperity 6” (AEP6), conducted by Americans for the Arts (AFTA), has unveiled the significant economic and social contributions of Delaware’s nonprofit arts and culture sector in 2022. The Delaware Division of the Arts reported that this industry generated $209.5 million in economic activity, comprising $148 million from organizational spending and $61.5 million from event-related audience expenditures. This financial activity supported 3,330 jobs and yielded $40 million in revenue for local, state, and federal governments.