NEW YORK, Sept. 9, 2021 /PRNewswire-PRWeb/ -- This week, Candid released the 21st edition of its annual Nonprofit Compensation Report. The report reviews key employee compensation based on 160,726 observations from 101,489 Forms 990 and 990-EZ filed by 501(c) organizations with the IRS for fiscal year 2019. It is the only large-scale analysis of its kind based entirely on data reported to the IRS and continues to be the most comprehensive nonprofit compensation study available.
Jenna Allen, senior data services analyst at Candid, said, "Nonprofits rely on Candid's Nonprofit Compensation Report for both IRS compliance and executive compensation benchmarking to ensure they are offering competitive salaries to attract and retain top talent. They also look to our report to surface continuing and emerging trends, such as the pay gap between men and women. Candid's 2021 report shows that while we see progress in this area, the gap persists with female CEOs making less than their male counterpoints at organizations of all sizes."
Key insights and findings from the 2021 report include detailed information on the gender pay gap, trends in executive compensation, geographic area, and cause area:
- There remains a pay gap in CEO compensation by gender. The pay gap is narrower for organizations with a smaller budget size. As past reports have found, there are still significant differences in CEO compensation between men and women. The median compensation of female CEOs was lower than that of male CEOs at organizations of all sizes. However, the gender gap is (slowly) declining, with all budget bands showing a decrease in pay gap since 2005. The report also notes that women represent the majority of CEOs at smaller organizations (budgets of $2.5M or less).
- Median executive compensation has grown steadily over the last five years. This year's report found that most of the trends observed in 2018 continued in 2019, including steady growth in median executive compensation. This has risen gradually, year-over-year, from $106K in 2015 to $121K in 2019. Executive compensation refers to all 14 job categories tracked in the report.
- Median compensation for CEOs decreased for all but the highest and lowest budget bands from 2018 to 2019. Median compensation for CEOs increased only at small organizations with budgets $250K and under and at large organizations with budgets of $50M and greater.
- Science and health organizations have the highest overall median executive compensation, while religious institutions continue to have the lowest. As has been the case for some time, science and health organizations have the highest overall median executive compensation at $196K, while religious institutions ($65K), animal-related organizations ($86K), and the arts ($92K) continue to have some of the lowest overall executive compensation.
- 501(c)(3) organizations in the Northeast have higher median executive compensation compared to all other regions. Candid's report found that 501(c)(3) organizations in the Northeast have the highest median executive compensation at $137K, compared to other regions. The District of Columbia has the highest median executive compensation at $174K, followed by New York ($152K) and Massachusetts ($143K). It is important to keep in mind that location is only one of several factors that account for differences in compensation. The full report looks at compensation on the state and metropolitan statistical area (MSA) level broken out by budget size.
Learn more about Candid's 2021 Nonprofit Compensation Report here. To request a media copy of the report, contact [email protected].
About Candid
Every year, millions of nonprofits spend trillions of dollars around the world. Candid finds out where that money comes from, where it goes, and why it matters. Through research, collaboration, and training, Candid connects people who want to change the world to the resources they need to do it. Candid's data tools on nonprofits, foundations, and grants are the most comprehensive in the world. Foundation Center and GuideStar joined forces to become Candid, a 501(c)(3) nonprofit organization. Find out more at http://www.candid.org and on Twitter @CandidDotOrg.
Media Contact
Mary Steyer, Candid, 9178812162, [email protected]
SOURCE Candid
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