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The Forbes Funds launched its first volume of the Soundings Report – a flash report that provides timely information, measures the “pulse” of the nonprofit sector, and provides quick and efficient data points to tell the story of a particular issue. This first issue looks at the Wage and Compensation of the Nonprofit Sector. In this study, we sought to answer a few questions: 1) are nonprofits contributing to the issue of escalating poverty by providing low wages with limited benefits; 2) are nonprofit employees able to retire with the type of wages and benefits they are receiving; and 3) are nonprofits still able to provide competitive compensation packages given the escalating cost of health care. Of the human services and community development organizations surveyed in this report, we found that over 50% of their employees are paid at or below 300% of the poverty level. On the positive note, 76% of agencies provide retirement benefits and 88% provide health coverage of some sort. What does this mean for your workplace and for the nonprofit community?
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