Non-profits are 'force to be reckoned with' in Arizona's economy

The Arizona Republic reports on an L. William Seidman Research Institute report concerning the impact of non-profits to the state's economy.

Reporter Russ Wiles from The Arizona Republic reports on a study from the L. William Seidman Research Institute at the W. P. Carey School of Business that found non-profits contribute at least $22.4 billion to the state's economy, employ more than 324,000 people and generate at least $2.1 billion in annual sales, payroll and property taxes. From The Arizona Republic, February 21, 2016:

If anything, the report understates the economic impact of the non-profit sector in the state, said lead researcher  Anthony Evans of the L. William Seidman Research Institute at Arizona State University, in the W.P. Carey School of Business. That's because only larger non-profits must file Form-990 financial reports with the Internal Revenue Service. The study is based on financial information for the state's largest 3,000 or so entities that file these forms regularly, plus data from around 600 others that provided it voluntarily, Evans said.

About the L. Will Seidman Research Institute: The L. William Seidman Research Institute collects and disseminates essential information about local economies and benchmarks industry practices, and identifies emerging business research issues. In addition, it serves as an economic research and consulting resource for a variety of public and private clients of all sizes and across multiple industries.