| | OVERVIEW |  |
New York City is widely renowned for its not-for-profit sector, featuring the largest and most diverse population of not-for-profit sector organizations of any city in the United States.
New York City is currently home to thousands of not-for-profits that help hundreds of thousands of New Yorkers every year. In addition, NYC not-for-profits employ approximately 14% of the total paid employees in the city.
Not-for-profit organizations play a vital service role in the New York City community. NYC not-for-profits range from large and prominent organizations (The Metropolitan Museum of Art, The Memorial Sloan-Kettering Cancer Center) to smaller and more localized groups (Battered Women’s Resource Center, Asian Americans for Equality). Due to the wide array of interests that they serve, these not-for-profits greatly enrich the quality of life in New York City. | |
| WHY NYC? | |
New York City has experienced robust growth in its not-for-profit sector over the past few decades, with its population of not-for-profit organizations increasing by almost 46% during the 1990s.
New York City continues to attract a wide array of not-for-profit companies as the city offers all the necessary ingredients for success. Given the ethnic and socioeconomic diversity of NYC’s community as well as the sheer size of its population, there will always be unaddressed needs and interests that not-for-profits can serve. | |
| PROLIFIC FUNDING RESOURCES | | |
NYC has roughly 9% of the nation’s total grant-making foundations, a share roughly equal to that of the entire state of California. As of 2003, roughly 6,400 foundations were located in the New York metropolitan area, significantly larger than any other metropolitan area in the U.S. and more than double that of its closest competitor (as of 2003, Chicago had roughly 3,000 foundations).
NYC is home to:
- A substantial share of the nation’s largest independent foundations ranked by annual giving (11 of the top 50 in 2004) as well as smaller family foundations.
- Many of the nation’s top corporate foundations (10 of the top 50 in 2004).
- The nation’s largest community foundation, the New York Community Trust.
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| STRONG OPERATIONAL RESOURCES | | |
NYC not-for-profit organizations benefit from a well-established community of available resources that have arisen to address the needs of its large not-for-profit population.
Resources include:
- Consultants that specialize in not-for-profit management, legal counseling, accounting and bookkeeping, technical training, and employee and volunteer recruiting, among other topics.
- An expansive community of other not-for-profit organizations (both large and prominent as well as smaller and lesser-known organizations) that provide a great network for learning.
- Access to the best in media and creative talent given NYC’s status as a global center of media. Prominent media and creative firms headquartered in NYC include Viacom, AOL Time Warner, SONY, J Walter Thompson, McCann Erickson, and Ogilvy & Mather.
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| TALENTED WORKFORCE | | |
NYC offers the most educated and talented workforce in the U.S., featuring the highest population of people with a Bachelor’s degree or higher.
This educated talent can make significant contributions to not-for-profit organizations at every level, including:
- Employees
- Board members
- Business Partners (consultants, legal counsel, etc.)
- Volunteers
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| WHO’S HERE | |
| The not-for-profit sector in New York City is comprised of roughly 28,000 charitable organizations that have annual revenues generally over $5,000 and are registered with the IRS as 501(c)(3)s(Source: The New York City Nonprofits Project by John E. Seley and Julian Wolpert, May 2002) . NYC also has many other unregistered not-for-profit organizations including religious group, block groups, and community groups. | |
| SERVICE ORGANIZATIONS | | |
NYC is home to an incredibly wide variety of different not-for-profit service organizations, including:
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Arts and Culture Organizations
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Education Organizations
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Environment & Animals Organizations
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Health Organizations
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Human Services Organizations
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International Affairs Organizations
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Public Affairs / Social Benefit Organizations
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Religious Organizations
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Science and Technology Organizations
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Social Science Organizations
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| FUNDING ORGANIZATIONS | | |
| SUCCESS STORIES | |
| NOGUCHI MUSEUM | | | Noguchi sought New York City Industrial Development Agency (NYCIDA) assistance for the costs associated with the renovation of its 15,000 square foot museum structure in Long Island City, Queens.
Read more >
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| RECENT PRESS | |
| NYC Economic Development Corporation, Department of Cultural Affairs and Upper Manhattan Empowerment Zone Begin Process to Redevelop Mart 125 | |
| NYC Economic Development Corporation (NYCEDC ) Reaches Latest Negotiated Property Acquisition and Relocation Agreement With Willets Point Businesses | |
| ADDITIONAL RESOURCES | |
| CONTACT INFORMATION | |
For more information on how NYCEDC can help your business in NYC, please contact:
Teresa Vazquez
Vice President, Client Coverage
tvazquez@nycedc.com
(212) 618-5719 | |
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| | | | RELATED LINKS | Incentive Finder
Use this simple tool to discover which NYC incentives may be applicable to your business. NYCIDA
Learn how the NYC Industrial Development Agency makes businesses more competitive. |
| | | PUBLICATIONS | NYCVISION
View this newsletter outlining NYC economic development initiatives. Economic Snapshot
Read our newsletter highlighting NYC employment, consumer spending, real estate and more. |
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