Nonprofits Industry Pay Trends
A nonprofit organization is often dedicated to furthering a particular social cause or advocating for a particular point of view. In economic terms, a nonprofit organization uses its surplus revenues to further achieve its purpose or mission, rather than distributing its surplus income to the organization’s shareholders (or equivalents) as profit or dividends. Overall, they tend to be either member-serving or community-serving. Member-serving organizations include mutual societies, cooperatives, trade unions, credit unions, industry associations, sports clubs, retired serviceman’s clubs and advocacy groups or peak bodies – organizations that benefit a particular group of people, i.e. the members of the organization.
Wage Growth for Nonprofits, Q2 2023
The Payscale Index: Nonprofits (US)
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Methodology for The Payscale Index: Trends in Compensation
The Payscale Index tracks quarterly changes in total cash compensation for full-time, private industry employees and education professionals in the United States. In addition to a national index, it includes separate indices for specific industries, metropolitan areas, job categories, and company sizes. The Payscale Index uses 2006 average total cash compensation as a baseline.