So far this book has ignored one important segment of the business world, and one that is often underreported because of its unique structure. But there are thousands of businesses and other organizations operating like businesses, offering goods or services to the public, that do not fit into the structure of being a public company or a for-profit private enterprise.
There are more than 1.3 million entities in this country that are classified as nonprofit organizations by the Internal Revenue Service (IRS). Collectively, nearly a half million of them file financial disclosures with the IRS that show they have more than $2.7 trillion in assets, according to the National Center for Charitable Statistics. California has the most nonprofit organizations, whereas New York's nonprofit organizations have the most reported assets.
These nonprofit organizations include everything from the National Council of YMCAs and the American Red Cross and Goodwill Industries International to local child care centers, homeless shelters, health insurance plans, community health care clinics, museums, hospitals, churches, schools, performing arts centers, and conversation groups. They are some of the largest organizations in a town or a