Nonprofit organizations are created with the primary goal of advancing society rather than creating income for their founders or stakeholders. Over 1.5 million nonprofit organizations are officially recognized in the US, and they are crucial to the economy of the nation. Which charity organization in the US has had the most success, is a common query.
Depending on the metrics used to measure success, there is no objective right or wrong answer to this topic. United Way Worldwide, however, is the most prosperous nonprofit in the US, according to Forbes’ ranking of the 100 biggest US nonprofits in 2020. The organization’s main goal is to promote health, income, and education in local communities around the world. In 2019, it generated $3.7 billion in total revenue.
The Salvation Army, Feeding America, and the American Cancer Society are a few other US nonprofits that have found success. The Salvation Army is an international charity that helps those in need. It was established in 1865. The company works in more than 130 nations and generated $3.7 billion in revenue in 2019.
The largest hunger relief group in the US is called Feeding America, which was established in 1979. In order to feed those who are hungry, the group collaborates with more than 200 food banks across the nation. The charity served over 4.3 billion meals to those in need in 2019, bringing approximately $2.9 billion in revenue.
The American Cancer Society is a nonprofit organization devoted to the battle against cancer that was established in 1913. The group offers support, assistance, and resources to cancer patients and their families. The organization generated $824 million in revenue in 2019 and has contributed more than $4 billion to cancer research funding since its founding.
In the US, nonprofits are expanding, and this trend is anticipated to last for the foreseeable future. 1.56 million nonprofit organizations were registered in the US in 2016, according to the National Center for Charitable Statistics, and this number is projected to rise in 2021.
Nonprofit organization founders are regarded as volunteers because they do not receive compensation for their work. However, if they take on a specified duty, they may be paid like an organization employee. The wage should be fair and equivalent to what other companies offer for jobs with similar responsibilities. The remuneration of the CEO of a nonprofit organization is set by the board of directors of the organization. The wage should be fair and equivalent to what other companies offer for jobs with similar responsibilities. The CEO’s pay must be disclosed on nonprofit organizations’ tax returns and is open to the public.
In conclusion, the success of nonprofit organizations in the US is largely based on the positive effects they have on the community. Among the most prosperous nonprofits in the US are United Way Worldwide, The Salvation Army, Feeding America, and the American Cancer Society. The number of nonprofit organizations in the US is increasing, and founders and CEOs are eligible to be paid a wage for their work as long as it is fair and comparable to what other organizations pay for positions with similar responsibilities.