NAICS Code 813311-04 - Charitable Institutions
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NAICS Code 813311-04 Description (8-Digit)
Hierarchy Navigation for NAICS Code 813311-04
Parent Code (less specific)
Tools
Tools commonly used in the Charitable Institutions industry for day-to-day tasks and operations.
- Donor management software
- Fundraising software
- Volunteer management software
- Social media management tools
- Email marketing software
- Event management software
- Accounting software
- Grant management software
- Customer relationship management (CRM) software
- Website builders
Industry Examples of Charitable Institutions
Common products and services typical of NAICS Code 813311-04, illustrating the main business activities and contributions to the market.
- Homeless shelters
- Food banks
- Medical research foundations
- Educational charities
- Environmental organizations
- Animal welfare organizations
- Disaster relief organizations
- Youth development organizations
- Arts and culture organizations
- Religious charities
Certifications, Compliance and Licenses for NAICS Code 813311-04 - Charitable Institutions
The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.
- 501(C)(3) Tax-Exempt Status: Charitable institutions must obtain 501(c)(3) tax-exempt status from the Internal Revenue Service (IRS) to be exempt from federal income tax. This status also allows donors to deduct their contributions from their taxes. The IRS provides more information on how to apply for this status on their website:
- Charitable Solicitation Registration: Charitable institutions must register with the state in which they operate to solicit donations from the public. The registration requirements vary by state, but most require an application and annual renewal. The National Association of State Charity Officials (NASCO) provides a directory of state charity offices and their requirements:
- Charitable Gift Annuity Registration: Charitable institutions that offer charitable gift annuities must register with the state in which they operate. The registration requirements vary by state, but most require an application and annual renewal. The American Council on Gift Annuities provides more information on state regulations and requirements:
- Better Business Bureau (BBB) Accreditation: Charitable institutions can apply for BBB accreditation to demonstrate their commitment to ethical business practices and transparency. The BBB provides a detailed review of the organization's operations and finances before granting accreditation. More information on the accreditation process can be found on the BBB website:
- Guidestar Nonprofit Profile: Charitable institutions can create a GuideStar Nonprofit Profile to provide donors and stakeholders with detailed information on their operations, finances, and impact. The profile is free to create and can be updated at any time. More information on creating a GuideStar Nonprofit Profile can be found on the GuideStar website:
History
A concise historical narrative of NAICS Code 813311-04 covering global milestones and recent developments within the United States.
- The history of charitable institutions dates back to ancient times, where religious organizations provided aid to the poor and needy. In the Middle Ages, the concept of charity evolved, and hospitals, orphanages, and almshouses were established. In the 19th century, philanthropists like Andrew Carnegie and John D. Rockefeller donated large sums of money to charitable causes, leading to the establishment of foundations and trusts. In the United States, the charitable sector grew rapidly during the 20th century, with the establishment of organizations like the American Red Cross, United Way, and the Salvation Army. In recent years, charitable institutions have played a significant role in disaster relief efforts, such as Hurricane Katrina and the 9/11 attacks. They have also been instrumental in addressing social issues like poverty, homelessness, and healthcare access.
Future Outlook for Charitable Institutions
The anticipated future trajectory of the NAICS 813311-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.
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Growth Prediction: Stable
The future outlook for the Charitable Institutions industry in the USA is positive. The industry is expected to continue growing as the economy improves and more people are able to donate to charitable causes. Additionally, the COVID-19 pandemic has highlighted the importance of charitable organizations in providing aid and support to those in need, which is likely to increase public awareness and support for the industry. However, the industry may face challenges in the form of increased competition for donations and potential changes to tax laws that could impact charitable giving. Overall, the industry is expected to continue growing and playing an important role in society.
Industry Innovations for NAICS Code 813311-04
Recent groundbreaking advancements and milestones in the Charitable Institutions industry, reflecting notable innovations that have reshaped its landscape.
- Online Fundraising Platforms: Charitable Institutions have increasingly turned to online fundraising platforms to reach a wider audience and make it easier for people to donate.
- Social Media Campaigns: Many Charitable Institutions have used social media to raise awareness and funds for their causes, often through viral campaigns that encourage people to share and donate.
- Corporate Partnerships: Some Charitable Institutions have formed partnerships with corporations to raise funds and awareness for their causes, often through cause marketing campaigns.
- Impact Investing: Some Charitable Institutions have started using impact investing to fund their programs, which involves investing in companies or projects that have a social or environmental impact.
- Data Analytics: Charitable Institutions are increasingly using data analytics to better understand their donors and target their fundraising efforts more effectively.
NAICS Code 813311-04 - Charitable Institutions
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