List of 100 Largest Nonprofits by Revenue. You may also want to hire a lawyer and/or accountant to help manage your 501c4. Because 501c4s are not required to disclose their donor information, their spending is sometimes referred to as dark money. The Center for Responsive Politics notes, Spending by organizations that do not disclose their donors has increased from less than $5.2 million in 2006 to well over $300 million in the 2012 presidential cycle and more than $174 million in the 2014 midterms.. These categories, developed by the NCCS team, consist predominantly of advocacy organizations. Support research and data that ignite change. A clear majority of 501(c)(4) organizations have little to no involvement with lobbying or advocacy, let alone political activity. Heather is a writer, business owner, and nonprofit professional. In 2012, Goodwill pulled in $4.89 billion in revenue. Your local Secretary of States office can help walk you through the filing requirements for your state. J&J donates $2 for every $1 current employees donate (max $20,000 company contribution) and donates $1 for every $1 retirees donate (max $10,000 company contribution). When trying to uncover how the league managed to get its very own category chiseled out in the tax code, journalists discovered that the NFL may have gotten some help in high places. While starting a 501c4 comes with its advantages, there are also restrictions to be mindful of, and 501c4 requirements. Learn more about our criteria and methodology. All organizations that fit into the IRSs loose and subjective definition of a church are automatically exempt from paying federal taxes, paying taxes on their investments, and reporting their finances. The astronomical salaries and profits were revealed in a review of the NFLs filing of IRS Form 990, through which it claims tax-exempt status under section 501c(6). May engage in political activity such as endorsing specific candidates, lobbying for causes aligned with the organizations purpose, and sharing partisan messages. According to an audit of the Institutions finances, the Smithsonian employs an investment strategy which utilizes equities, marketable alternatives, private equity, natural resources and real estate, United States government agency bonds, International Bank for Reconstruction and Development bonds, and cash and cash equivalents. Their financial records reveal a web of complicated split-interest agreements, perpetual trusts, annuities, and stewardship assets. The following is a list of 100 nonprofit organizations by revenue. Get more resources and useful tips on nonprofit management at our nonprofit blog. Heres a glossary to help you out, Whole Whale, B-Corp digital agency for nonprofits, Train Derailment & Environmental Fallout, World Cancer Day Awareness of Early Detection. Just 61 percent of for-profit hospitals made a profit in the 2000s, but 77 percent of their nonprofit counterparts are in the black after a decade of lucrative mergers, soaring earnings, massive investment profits, and multimillion-dollar salary and retirement packages for their CEOs. While 17 pages of instructions may seem daunting, take this as a good sign. Join the 50,000+ nonprofits already raising funds online. Learn more about the financials of each one from our friends at CauseIQ.com. By 2011, there were 1.6 million nonprofit organizations registered with the IRS. Although it started as a small charity after the Civil War, Childrens Hospital of Boston is now one of the richest healthcare facilities in the world. It is difficult to separate universities from hospitals, because university hospitals are often among the wealthiest in the country. In the remaining states, the highest salary goes to college presidents, deans, and chancellors. Elite, wealthy hospitals are among the most profitable nonprofits in the country. Each Goodwill shop is independently owned. Total Assets = $92,833,477,656. Largest 501 (c) (4)s by Gross Receipts Show Largest 501 (c) (4)s by Total Assets Show Look to see whether your desired social media handles are claimed on popular sites like Facebook, Instagram, YouTube, and even TikTok. The following is a list of the ten most viewed 501(c)(4) organizations on Ballotpedia: if(document.getElementsByClassName("reference").length==0) if(document.getElementById('Footnotes')!==null) document.getElementById('Footnotes').parentNode.style.display = 'none'; Communications: Alison Graves Carley Allensworth Abigail Campbell Sarah Groat Caitlin Vanden Boom 501c4 organizations are commonly active inpolitical and advocacy-related causes. Tax-exempt section 501 (c) (4) organizations are defined by the Internal Revenue Code as "social welfare organizations." Treas. Combined, these Atlanta metro nonprofits employ 302,310 people, earn more than $56 billion in revenue each year, and have assets of $134 billion. Some of Komens largest supportersincluding Coca-Cola, General Mills, Georgia-Pacific, and 3Mrely on BPA and lobby to allow for its continued use. Harvard is arguably the most famous university in the worldand it is certainly the wealthiest. Fortunately, this Fairhope-based 501 (c) (3) nonprofit organization has been helping colleges and universities acquire and develop student housing and housing facilities for more than 20 years, financing a more than $1.8 billion worth of projects during that time. The IRS can take time to process your filing paperwork, especially during peak times. There are some key differences between the two that will impact your choice. For example, some restrictions on 501c4s include: Additionally, while having a 501c4 arm of a 501c3 nonprofit can be a useful tool, this arrangement can lead to trouble if not done properly. The Susan G. Komen Foundation (and its affiliated Race for the Cure) is so synonymous with breast cancer research that if youve ever purchased something pink to support the effort, some of that money probably went to Komen. Churches cumulatively spend just a tiny fraction of their fortunes on actual charity. IRS Code 501(c)4 provides for the federal tax exemption of certain civic leagues, social welfare organizations, and local associations of employees that meet specific criteria and complete the steps to apply for 501c4 status. 2022-04-25 . It is also a multibillion-dollar business. 501(c)(4) in legal shorthand. According to the IRS, a 501c4 may endorse or oppose political candidates and engage in political campaigns. It is unclear if those chapters business practices are as unseemly as the business practices of the YMCA in Muncie, Indianabut it is clear that they are, in fact, business practices. The Internal Revenue Service sets the rules and guidelines for these groups, reviewing their statuses from time to time to ensure they are meeting legal requirements. The cons of starting a 501c4 include the need for ongoing time and energy spent on administration, financial, and legal compliance. They work on interconnected issues like human rights, emergency response and sustainable development. . When selecting your board, its a good idea to ensure that your board composition reflects the community of people your organization will be representing or supporting. Number of organizations reporting assets or income = 26,339. These organizations may engage in political lobbying and political campaign activities. To receive nonprofit status, an organization must incorporate with an individual state and pay the filing fee. It remains debatable whether the impropriety of the IRS actions in targeting certain politically-oriented 501(c)(4) social welfare organizations for heightened scrutiny rises to the level of scandal. Yale University claimed about $23.7 billion. Lets take a look first at a description from BoardSource that we'll take apart and discuss:. Homeowners' associations and volunteer fire departments may operate as a 501 (c) (4). The largest of these organizations have revenues of several billion dollars. This can cause some confusion, as "social welfare" is, according to the IRS, "inherently an abstruse concept that continues to defy precise definition. The following are some of the key conservative political advocacy groups: 01 of 10 The American Conservative Union (ACU) Founded in 1964, ACU is one of the first groups established to advocate for conservative issues. In 27 states, the highest-paid public employee is a college football coach. Of. Rating Information. Then every year is a good year for the National Football League. The IRSs instructions are thorough, helping to walk you through each step of this paperwork. But political activities shouldnt be the primary purpose of the organization. The American Bar Association insisted it was an independent entity separate from ABA Retirement Funds, even though ABA Retirement Funds collected money for the ABA name, promoted and sponsored retirement plans among law firms that employed ABA members, and had the same board members and the same mailing address as the ABA. Required to disclose names and addresses of donors who contribute a total of $5,000+ on IRS Form 990. It spent $1.3 million on political lobbying, paid more than $7 million in fees to heavyweight Washington, D.C. law firm Covington & Burling, and gave more than $9 million to the New York law firm Paul, Weiss, Rifkind, Wharton & Garrison. s. 501(a) and described in I.R.C. A previously unreported 501(c)(4) "social welfare" political nonprofit called CCKC4 received a giant cash injection of $1.2 billion in 2020, making it a potentially formidable political player. August 29, 2022 February 1, 2023 11728 12 Mins Read. It maintains 168 satellite museums across the country. Plus, your 501c4 can engage in political activities with far fewer restrictions than a 501c3 nonprofit. But the foundation has come under intense criticism in recent yearsmostly from its own supportersfor slashing the percentage of the revenue it spends on actual research for a cure. What Section 501(c)(4) Says The group of organizations known as social welfare organizations, or 501(c)(4)'s, derives its name from Section 501(c)(4) of the United States tax code, or 26 U.S.C. largest 501c4 organizationsstanislaus county school district jobs. Komen has also been criticized by its own supporters for spending more than $1 million to sue smaller charities and for breaking its nonpolitical charter by aligning itself with pro-life groups and hiring an openly Republican CEO who donates to GOP candidates and causes. [9][10], The IRS does consider legislative activities, commonly called "lobbying," to be activities that further social welfare purposes. It's not so much the name that is important, as most 501 (c) (4)s wouldn't use those terms to necessarily describe themselves anyway. What that means for 501 (c) (4)s is this: by avoiding the magic words, social welfare nonprofits have a better chance of convincing regulators they are focused on issues and not politics. 7031 Koll Center Pkwy, Pleasanton, CA 94566. The IRS notes that the term social welfare is inherently an abstruse concept that continues to defy precise definition. However, the IRS does provide for a working definition: organizations that may be performing some type of public or community benefit but whose principal feature is a lack of private benefit or profit.. In Minnesota, its a tie between the basketball coach and football coach. When people know exactly what your organization is aiming to accomplish, its easier for them to understand and support the movement. [14] Thus, an organization may be a not-for-profit corporation under the laws of the state in which it is incorporated but not have federal 501(c)(4) status. Running a 501c4 alongside a 501c3 requires strict bookkeeping and accounting practices to ensure ongoing IRS compliance. Share. Youll only have to fill this form out once however, as outlined in Step 9, you will need to fill out ongoing paperwork for your 501c4. Form 990 from 2011 reveals that the ABA netted around $10 million in each of the two preceding years. Some owners make staggering yearly incomes, as do the regional CEOs, who sometimes earn seven-figure salaries. Educational purposes can include training workers to improve their capabilities as well as instructing the public on topics that are useful and beneficial to the community. Yet using NCCS data tools, it is possible to get to at least a rough estimate. Rules relating to the political campaign and lobbying activities of IRC 501(c)(4) organizations are the subject of a separate article. "[3] The following is one working definition the IRS uses to determine a group's "social welfare" status: "organizations that may be performing some type of public or community benefit but whose principal feature is lack of private benefit or profit. But, when done right, starting a 501c4 organization can be an incredibly rewarding, purpose-filled experience that helps your community. Jeff Pash, the leagues general counsel, brought home just under $8 million. Ken Carbullido, Vice President of Election Product and Technology Strategy, https://ballotpedia.org/wiki/index.php?title=501(c)(4)&oldid=8721069, Pages using DynamicPageList parser function, Conflicts in school board elections, 2021-2022, Special Congressional elections (2023-2024), 2022 Congressional Competitiveness Report, State Executive Competitiveness Report, 2022, State Legislative Competitiveness Report, 2022, Partisanship in 2022 United States local elections, The organization's tax exemption application (IRS form 1024), A portion of the organization's annual return (. On the other hand, choosing to not share this information may make your organization seem less trustworthy and transparent. Interns wanted: Get paid to help ensure that every voter has unbiased election information. learn more: foundation funding You can find an interactive training session that will walk you through the process of filing your 990. But Childrens Hospital of Boston is hardly alone. 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