Tuesday, November 27, 2007

Measuring Charity's Impact

An amazing study was just released by the Nonprofit Roundtable of Greater Washington and the World Bank. "Beyond Charity: Recognizing Return on Investment" measures the economic impacts of nonprofits on the Washington region. According to the study, nonprofits contribute at least $9.6 billion to the local economy, in terms of goods & services and cost savings. The study gives some great, specific examples, such as:

  • If 50% of elderly adults who receive in-home care from Jewish Social Services Agency (JSSA) inMaryland were instead placed in nursing homes, the total annual cost would be 15 times higher – or $96 million a year – than the $6 million it costs for JSSA to provide services and keep those 1,000 elders in their homes.
  • When the transitional housing program at Friends of Guest House helps a woman released fromprison re-enter society successfully, it costs the community 65% less than if she went back toprison for one year.
  • By providing housing for people with mental illness who might otherwise be in hospitals, Cornerstone in DC helps people retain their dignity while saving up to $100,000 per person each year.
You can download the entire study on the Nonprofit Roundtable of Greater Washington's website.

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