NAICS Code 424990-42 - Fund Raising Merchandise (Wholesale)
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NAICS Code 424990-42 Description (8-Digit)
Hierarchy Navigation for NAICS Code 424990-42
Parent Code (less specific)
Tools
Tools commonly used in the Fund Raising Merchandise (Wholesale) industry for day-to-day tasks and operations.
- Fundraising software
- Inventory management software
- Point of sale (POS) system
- Customer relationship management (CRM) software
- Shipping and logistics software
- Barcode scanner
- Label printer
- Packaging equipment
- Pallet jack
- Hand truck
Industry Examples of Fund Raising Merchandise (Wholesale)
Common products and services typical of NAICS Code 424990-42, illustrating the main business activities and contributions to the market.
- Candy bars
- Popcorn
- Gift wrap
- Candles
- Cookie dough
- Magazine subscriptions
- Coupon books
- Scratch cards
- T-shirts
- Coffee and tea
- Personalized products
- Jewelry
- Calendars
- Kitchen gadgets
- Holiday ornaments
- Sports merchandise
- Beauty products
- Toys and games
- Pet products
- Eco-friendly products
Certifications, Compliance and Licenses for NAICS Code 424990-42 - Fund Raising Merchandise (Wholesale)
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- Fair Trade Certification: This certification ensures that the products are ethically sourced and produced, and that the workers involved in the production process are treated fairly. The certification is provided by Fair Trade USA.
- Certified Fund Raising Executive (CFRE): This certification is for fundraising professionals who have demonstrated their knowledge and skills in the field of fundraising. The certification is provided by the Association of Fundraising Professionals.
- Certified Nonprofit Professional (CNP): This certification is for professionals who work in the nonprofit sector and have demonstrated their knowledge and skills in the field of nonprofit management. The certification is provided by the Nonprofit Leadership Alliance.
- Certified Fund Raising Manager (CFRM): This certification is for fundraising professionals who have demonstrated their knowledge and skills in the field of fundraising management. The certification is provided by the Association for Healthcare Philanthropy.
- Certified Specialist In Planned Giving (CSPG): This certification is for professionals who work in the field of planned giving and have demonstrated their knowledge and skills in this area. The certification is provided by the American Institute for Philanthropic Studies.
History
A concise historical narrative of NAICS Code 424990-42 covering global milestones and recent developments within the United States.
- The Fund Raising Merchandise (Wholesale) industry has a long history dating back to the early 20th century when the first fundraising campaigns were organized in the United States. The industry started with the sale of simple items such as candy bars, cookies, and popcorn, but it has since evolved to include a wide range of products such as gift wrap, candles, and jewelry. In recent years, the industry has seen a shift towards more sustainable and eco-friendly products, with many organizations opting for reusable bags, water bottles, and other items. The industry has also seen a rise in online fundraising campaigns, which has made it easier for organizations to reach a wider audience and raise more funds. In the United States, the Fund Raising Merchandise (Wholesale) industry has experienced steady growth over the past decade. According to a report by the Association of Fundraising Professionals, the industry generated over $2.5 billion in revenue in 2019, up from $2.3 billion in 2010. This growth can be attributed to several factors, including an increase in the number of nonprofit organizations, a rise in charitable giving, and the popularity of online fundraising campaigns. The industry has also seen a shift towards more personalized and unique products, with many organizations opting for custom-designed items that reflect their brand and mission. Overall, the Fund Raising Merchandise (Wholesale) industry is poised for continued growth in the coming years as more organizations turn to fundraising as a way to support their programs and initiatives.
Future Outlook for Fund Raising Merchandise (Wholesale)
The anticipated future trajectory of the NAICS 424990-42 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Growing
The future outlook for the Fund Raising Merchandise (Wholesale) industry in the USA is positive. The industry is expected to grow in the coming years due to the increasing demand for fundraising merchandise by non-profit organizations, schools, and other groups. The rise of online fundraising platforms has also contributed to the growth of the industry. Additionally, the industry is expected to benefit from the increasing popularity of cause-related marketing, which involves companies partnering with non-profit organizations to promote their products and services. However, the industry may face challenges such as increased competition and changing consumer preferences. Overall, the industry is expected to continue to grow in the coming years.
Industry Innovations for NAICS Code 424990-42
Recent groundbreaking advancements and milestones in the Fund Raising Merchandise (Wholesale) industry, reflecting notable innovations that have reshaped its landscape.
- Customizable Fundraising Merchandise: Companies are now offering customizable fundraising merchandise, allowing non-profit organizations to create unique products that reflect their brand and mission. This has increased the appeal of fundraising merchandise and helped organizations stand out in a crowded market.
- Eco-Friendly Fundraising Merchandise: With increasing awareness of environmental issues, many non-profit organizations are looking for eco-friendly fundraising merchandise. Companies are now offering products made from sustainable materials such as bamboo, recycled plastic, and organic cotton.
- Social Media Marketing: Companies are using social media platforms such as Facebook and Instagram to promote their fundraising merchandise and reach a wider audience. This has helped non-profit organizations to increase their visibility and attract more donors.
- Mobile Fundraising: With the rise of mobile technology, many non-profit organizations are now using mobile apps to raise funds. Companies are now offering mobile fundraising solutions that allow organizations to sell fundraising merchandise directly through their mobile app.
- Virtual Fundraising Events: Due to the COVID-19 pandemic, many non-profit organizations have had to cancel their in-person fundraising events. Companies are now offering virtual fundraising events that allow organizations to sell fundraising merchandise online and raise funds through virtual events such as webinars and live streams.
NAICS Code 424990-42 - Fund Raising Merchandise (Wholesale)
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