Description of table L.100.A - Nonprofit Organizations

This table is supplementary to the financial accounts and attempts to quantify the amount of financial assets and liabilities held by the nonprofit organizations for which we have data. In the financial accounts, nonprofit organizations are included as part of the household and nonprofit organizations sector (shown on tables F.100, L.100, B.100, and R.100).

Data for the nonprofit organizations included in this sector are obtained from informational tax returns filed with the Internal Revenue Service (IRS). Nonprofit organizations exempt from federal income tax under sections 501(c)(3)-(9) file form 990 with the IRS; these organizations include educational, charitable, scientific, or literary organizations; hospitals; civic and business leagues; and social and recreational clubs (among others). Also included in the sector are private foundations and charitable trusts, which both file IRS form 990-PF. Religious organizations and other institutions with less than $25,000 in annual gross receipts are not required to file with the IRS and are therefore excluded from this sector.

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