Colorado Nonprofit Association

2024 Economic Impact Report

With over 34,000 nonprofits in Colorado, this economic report shows the force for good these organizations have on their communities.

Highlights include:

The sector directly employs 182,000 people, supports 54,000 jobs in business-to-business activity and supports 26,000 jobs through household spending, which is 10 percent of all jobs.
The total economic impact increased by 55% to $62 billion in 2024 from $40 billion in 2019. The sector contributes $25 billion to the state’s GDP.
Colorado is home to more than 34,000 nonprofits, with a majority of them providing services with annual budgets of less than half a million dollars.
2,000 foundations give more than $1.4 billion in grants annually.

“Nonprofits have faced immense challenges since our last report in 2019,” said Paul Lhevine, president & CEO, Colorado Nonprofit Association. “They saw job losses during the pandemic and faced a slower recovery due to tight budgets, employee burnout and competition for higher-paying jobs in other industries. Nevertheless, it’s encouraging to see the continued growth and strength of the nonprofit sector and the meaningful impact on the economic well-being of our state and its people.”