Giving Thought: Colorado nonprofits are an economic dynamo

The $20 billion of direct spending from the nonprofit sector represents about 5.6 percent of Colorado’s economy. In other words, the state’s nonprofits account for $56 of every $1,000 in economic activity.

“The study shows that nonprofits are important engines in the local and state economy in addition to being a force for good,” said Renny Fagan, president and CEO of the Colorado Nonprofit Association. “Donations to nonprofits are the fuel that helps to keep the engine running. For residents of Pitkin, Eagle and Garfield counties, donating to a nonprofit is truly a community investment with a significant social return.”