Revenue of largest nonprofits grew more than 1 percent in FY2019

Despite a drop in investment income, overall revenue for the largest nonprofits in the United States increased 1.15 percent on a year-over-year basis in fiscal year 2019, the NonProfit Times reports. According to the 2020 edition of the NPT 100, the longest-running study of nonprofits that derive at least 10 percent of their revenue from public support, the hundred largest nonprofits reported aggregate total revenue of $86.42 billion, up from $84.7 billion in FY18. Public support grew a modest 2.17 percent, to $47.04 billion (54.44 percent of overall revenue), while program revenue ticked up less than 1 percent, to $22.66 billion, and "other revenue" increased nearly 6 percent, to $3 billion. The study also found that investment income fell 8.2 percent, to $3.48 billion, while government support declined 1.14 percent, to $9.98 billion. On the expense side of the ledger, costs rose 2.2 percent, with administrative expenses increasing nearly 7 percent, to $6.75 billion (8 percent of overall expenses), fundraising expenses rising 5.16 percent (5 percent), and program costs up 1.61 percent, to $71.65 billion (87 percent).