Revenue/Employee of Largest Mass. Nonprofits Increases 2.4%
November 10, 2018 The 25 largest nonprofits in Massachusetts, on average, generated $143,546 in revenue for every employee last year, up 2.4% from the prior year, according to a recently published ranking of the states largest nonprofits.
Last year, a similar ranking of nonprofits, published by the Boston Business Journal (BBJ), showed that the largest Massachusetts nonprofits, measured by total assets, generated average annual revenue of $140,046 per employee, the same as the prior year.
The ranking is based on information for fiscal 2017 gathered by the BBJ. It is not an exhaustive examination of the full Massachusetts nonprofit sector, and excludes colleges, universities, hospitals, and health plans.
Combined assets of the top 25 nonprofits totaled $8.64 billion, up 2% from $8.47 billion for the top 25 in 2016.
Total revenues for the top 25 nonprofits also increased in 2017, to $2.55 billion, up 5% from $2.42 billion the year before.
The 10 largest nonprofits in the new ranking, according to assets, were, in order, Combined Jewish Philanthropies of Greater Boston (CJP), Museum of Fine Arts/Boston (MFA), Peabody Essex Museum, Hebrew SeniorLife, Boston Symphony Orchestra, WGBH, Accion International, National Fire Protection Association, the Isabella Stewart Gardner Museum, and Museum of Science/Boston.
WGBH this year ranked as the highest revenue generator among the largest nonprofits, bringing in $415 million in 2017, significantly higher than the prior year's $162 million.
As with the for-profit sector, revenue-per-employee in the nonprofit sector is influenced by the market served. More labor intensive organizations yield lower revenue-per-employee than less labor intensive nonprofits. In addition, the degree to which an organization depends on volunteers may enable it to rely on fewer paid staff.
CJP, which raises funds for a wide spectrum of Jewish organizations in the Boston area, topped the revenue-per-employee ranking for the seventh consecutive year, with $1.39 million per employee, about the same as last years $1.40 million.
In terms of assets, CJP retained its top ranking from last year, with $1.43 billion in assets, surpassing the MFA, which reported assets of $1.14 billion in 2017.
Returning to the top 25 list this year was The Institute of Contemporary Art/Boston
, ranked No. 25 in terms of total assets, while American Student Assistance
, ranked No. 7 last year, moved off the list.
Following are the 10 most intensive users of volunteers among the largest Massachusetts nonprofits, as indicated by volunteers per employee, for organizations reporting total numbers of volunteers and employees, published by the BBJ: