The annual report is the most comprehensive study on nonprofit compensation.
NEW YORK, Sep. 8, 2022 /PRNewswire-PRWeb/ -- Candid today released the 2022 Nonprofit Compensation Report, the most comprehensive study on nonprofit compensation. The annual report draws exclusively from data reported on IRS Forms 990 and 990-EZ. This year's report, the 22nd edition, reviews key employee compensation from close to 88,000 tax-exempt organizations for fiscal year 2020.
This year's report found that while median compensation for CEOs increased by 4.7% overall, it decreased by 5.2% for nonprofit organizations in the largest budget band (>$50 million).
Reina Mukai, data services manager at Candid, said, "We don't know for certain that this is a direct impact of Covid-19, nor are we certain why larger nonprofits saw this decrease while smaller nonprofits saw an increase or held steady. It's not the first time we've observed this trend, but it looks to be the largest decrease we've seen in quite some time. It will be interesting to see if this trend continues."
The 2022 Nonprofit Compensation Report showed that most other trends observed in 2019 continued in 2020. These include:
- The pay gap is slowly declining, but median compensation for female CEOs still trailed the median compensation for male CEOs in all budget groups.
- The percentage of female CEOs grew in all budget groups, but female representation declined as organization budget size increased.
- Science and technology research and health-related program areas had the highest median compensation, whereas religion and animal-related organizations had the lowest median compensations.
- The District of Columbia had the highest median executive compensation, followed by New York and Massachusetts.
To learn more about Candid's 2022 Nonprofit Compensation Report and download a sample, please visit this webpage. To request a media copy of the report, contact [email protected].
About Candid
Candid is a 501(c)(3) nonprofit organization that provides the most comprehensive data and insights about the social sector. 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. Candid was formed in 2019 when GuideStar and Foundation Center merged. Candid combined GuideStar's tools on nonprofits and Foundation Center's tools on foundations with new resources to offer more comprehensive, real-time information about the social sector. Find out more at candid.org and @CandidDotOrg on Twitter, LinkedIn, and Instagram.
Media Contact
Adia Colar, Candid, 5107787382, [email protected]
SOURCE Candid
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