Huge Pay Gap for Female Chiefs of NYC Nonprofits
(Crain’s) — Women who make it to the top at New York City’s nonprofits often earn six-figure salaries. But they still tend to be paid significantly less than their male peers, according to a new analysis by GuideStar, a Maryland-based agency that tracks salary data listed on the Internal Revenue Service forms filed by those nonprofits.
GuideStar’s latest look at executive compensation, based on 2008 IRS Form 990s, shows that the compensation gap widens as the nonprofits’ budgets get bigger. For instance, for chief executives of nonprofits in New York with budgets of more than $5 million, the top-paid men earned an average of $621,000, compared with about $401,000 for the top women.