This year's report provides the most comprehensive view of social sector compensation
NEW YORK, Sept. 7, 2023 /PRNewswire-PRWeb/ -- Candid today released the 2023 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 23rd edition, reviews key employee compensation from over 120,000 tax-exempt organizations for fiscal year 2021.
The 2023 report evaluates data from over 36,000 more tax-exempt organizations than last year's report, making it Candid's most extensive dataset yet.
Reina Mukai, senior data services manager at Candid, said, "With the significant impact that 2020 had on nonprofit organizations, a thorough temperature-check of the sector's health in 2021 is crucial. This year's report presents the most exhaustive analysis of the nonprofit compensation landscape for fiscal year 2021."
The 2023 Nonprofit Compensation Report reflected that most of the trends observed in 2020 continued in 2021. These include:
- The pay gap has been slowly declining overall, with female CEOs gaining 6 cents to the dollar since 2011. Still, the median compensation of female CEOs was lower than that of male CEOs at organizations of all sizes.
- From 2011 to 2021, the percentage of female CEOs has grown in all budget groups; however, female representation declines as organization size increases.
- Women represent the majority of CEOs at smaller organizations, but they represent less than one-third of CEOs at organizations in the largest budget band.
- Median compensation for CEOs increased for all budget bands from 2020 to 2021, continuing to grow steadily over the last five years.
- 501(c)(3) organizations in the Northeast have higher median executive compensation compared to all other regions.
- Science and technology research institutes have the highest overall median executive compensation, while religious institutions continue to have the lowest.
To learn more about Candid's 2023 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 on LinkedIn and Instagram.
Media Contact
Adia Colar, Candid, 5107787382, [email protected], candid.org
SOURCE Candid
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