Estes Valley Nonprofit Economic Impact Study
Category: Community Engagement Poster
Author(s): Lucy Scott
Presenter(s): Lucy Scott
Mentors(s): Anita Pena
This study examines the economic impact of 501(c)(3) nonprofits in the Estes Valley using survey data from 56 organizations supplemented by Form 990 filings from an additional 7. The analysis shows that in the 2023 fiscal year, these nonprofits generated roughly $103 million in revenue while incurring about $97.1 million in expenses, indicating significant local financial activity. Nonprofits contribute nearly 10.3% to Estes Park’s GDP and mobilize over 225,000 volunteer hours annually—valued at more than $8.2 million—highlighting the vital role of community engagement. Advanced econometric analysis in R was employed to assess key revenue drivers, revealing notable multiplier effects from individual donations, government funding, and investment income. Sector-specific insights span areas such as Arts & Culture, Community & Education, Environment & Recreation, Emergency & Human Services, Health & Wellness, and Youth & Families, each presenting unique operational challenges and revenue dependencies. Despite limitations such as potential sampling bias and data variability, the study provides a robust baseline for strategic planning, donor engagement, and advocacy. This analysis lays the groundwork for future iterations aimed at tracking trends and informing policy decisions to bolster the dynamic role of nonprofits in sustaining local economic resilience.