A Chronicle of Philanthropy study involving more than 10,000 nonprofit employees from 865 organizations revealed that top-level officers from hospitals and private colleges earns so much more than their colleagues in other sectors.
Here is an excerpt from a report published by The Chronicle of Philanthropy:
In the Chronicle study, nonprofits reported average annual compensation of $492,180 per key employee. But that’s an average heavily skewed by top-dollar employees working at hospitals and medical centers as well as at private colleges and universities.
Key employees at hospitals and medical centers — many of whom are doctors who run private practices as part of their employment arrangements — earned an average annual pay of $750,550, roughly 52 percent more than the overall average. Key employees working at private colleges and universities earn annual compensation of $696,730, on average, 41 percent larger than average across all key employees and 84 percent larger than their peers at public colleges and universities, who earn an average of $377,970 a year. Many of those employees are either doctors at university medical schools, investment managers, football coaches, or others who command high pay packages.
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At the bottom of the key employee pay scale are United Ways, community foundations, and religious groups. Each is nearly in a dead heat for the smallest average key employee compensation, with United Ways reporting $235,960 a year, community foundations $234,340, and religious organizations $232,671.
Community foundations, religious organizations, and social-service groups reported the smallest average CEO compensation. Average annual pay for key employees with “CEO” in their titles stood at $376,350 at community foundations, $370,320 at religious groups, and $300,370 at social-service organizations.
