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Wednesday, October 9, 2013

Sizing up Salaries at Charities

Our newly release 2013 CEO Compensation Study found that the typical charity’s CEO received a 2.5% raise and received $125,942 in compensation.

Here are just a few highlights from the report:
  • Modest raises are the norm since the recession: Salaries for the CEOs in this study increased modestly since the recession: just 0.8% from 2008 to 2009 and 1.5% from 2009 to 2010 and 2.5% from 2010 to 2011.  These fairly small increases come after the 4.7% median increase charity CEOs received from 2007 to 2008.
  • Charity CEOs that aspire to have big salaries are more likely to succeed if they work at an Educational charity: The data shows that top pay at charities can vary greatly by mission with the heads of Educational charities earning as much as $90,000 more than those running Religious charities.
  • While most nonprofit leaders earn reasonable salaries, a handful earns excessive wages: 11 of the charities in the study pay their CEO more than $1 million.  That’s up from calendar year 2010 when 6 charities in the study had CEOs that were paid at least $1 million.
Visit our site to read the full report

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