What do state unemployment taxes (SUTA), state unemployment reserve balances and claims overpayment rates mean to your nonprofit?
These factors could mean less money for your nonprofit organization’s cause.
43% Increased Tax Cost
The average state unemployment tax cost per employee increased from $120 in 2009 to $171 by 2015.
14 Million Unemployment Claim Overpayments
Alabama’s April 2014 – March 2015 unemployment claim overpayment rate was 6.192%, equaling over 14 million.
There are options to financing your nonprofit organization’s unemployment costs.
First Nonprofit Group provides more than 1,800 nonprofit organizations and governmental entities around the country with unemployment insurance at affordable rates. Click here or call 1-(800) 526-4352 to request a free, no-obligation cost savings evaluation. Evaluations include a 2017 rate projection!
