In a recent column, I talked about the enormous economic benefits of Texas nonprofit entities. We estimate that when multiplier effects are considered, ongoing operations of Texas nonprofits include $110.0 billion in annual gross product and nearly 1.4 million jobs (about one-eighth of all private-sector jobs in the state). In response to several requests, let's take a closer look at the types of organizations and their positive impacts.
Nonprofit establishments improve lives, communities, and society as a whole. These entities offer a variety of services and include hospitals and other health care providers, schools and universities, art museums, social services organizations, and many other types of operations. Not only do nonprofits provide important services that enhance quality of life and societal wellbeing; they also generate substantial economic benefits through their operations and the associated multiple rounds of activity through the economy.