Charities and other tax-exempt organizations, 2000

Statistics of Income Bulletin, Fall, 2004 by Paul Arnsberger

Nonprofit charitable organizations exempt from income tax under Internal Revenue Code section 501(c)(3) filed over 240,000 information returns for Tax Year 2001, an increase of 4.5 percent from the previous year. These organizations held over $1.6 trillion in assets, an increase of 4.4 percent from 2000, and reported $897.0 billion in revenue, 70.3 percent of which came from program services and activities.

Data for certain other organizations, with tax-exempt status under Code sections 501(c)(4) through (9), are also presented in this article. Such organizations are generally diverse both in function and financial character. For 2001, voluntary employee benefit associations, exempt under Code section 501(c)(9), reported assets of $110.6 billion and revenue of $101.7 billion, larger amounts than those registered by organizations classified under each of the Code sections, 501(c)(4) through (8), which includes civic leagues and social welfare organizations; labor, agriculture, and horticultural organizations; business leagues, chambers of commerce and real estate boards; social and recreational clubs; and fraternal beneficiary societies, respectively.