The earnings gap between female and male CEOs of the largest U.S. charities is closing as earnings increases for women outpace those for men, a new study says.
GuideStar publishes its “GuideStar Nonprofit Compensation Report” annually, most recently analyzing data from more than 83,000 charities for the fiscal year 2003.
For that year, the median earnings for female CEOs of nonprofits with budgets of $50 million or more rose 45 percent over 2002, compared to a 17 percent increase for male CEOs in the same category, the report says.
Earnings growth for female CEOs outpaced male CEOs 35 percent to 11 percent at charities with budgets from $25 million to $50 million, and 26 percent to 12 percent at groups with budgets of $10 million to $25 million.
Despite the progress, male CEOs still earn more than female CEOs in every budget category and outnumber them five to one at groups with budgets of $50 million or more, the report says.