SIC 8399 - Social Services, Not Elsewhere Classified
Establishments primarily engaged in providing social services, not elsewhere classified, including establishments primarily engaged in community improvement and social change. Organizations primarily engaged in soliciting contributions on their own account and administering appropriations and allocating funds among other agencies engaged in social welfare services are also included, but foundations and philanthropic trusts are classified in Finance, Industry 6732. Civic, social, and fraternal organizations are classified in Industry 8641; political organizations are classified in Industry 8651; and establishments which raise funds on a contract basis are classified in Industry 7389.
Industry trends:
NAICS 8399, encompassing various social services not elsewhere classified, has been seeing several qualitative trends that are shaping its future trajectory. One clear trend is the increased adoption of digital platforms to deliver services. Nonprofits and social service organizations are utilizing mobile apps, telehealth, and web-based portals to extend their reach and improve accessibility for clients. This digital shift is not only enhancing service delivery but also facilitating better data collection and analysis, which in turn is helping organizations optimize their operations and outcomes.
Another significant trend is a growing emphasis on holistic and integrated approaches to service delivery. Organizations are increasingly collaborating across sectors to address the multifaceted needs of their clients, recognizing that issues like mental health, education, housing, and employment are interlinked. This integrated approach is fostering more comprehensive support systems and producing more sustainable outcomes for individuals and families in need.
Furthermore, there is a marked increase in community-driven and culturally-sensitive program development. Social service providers are involving community members in the design and implementation of services to ensure they are relevant, effective, and respectful of cultural norms and values. This participatory approach is leading to greater community engagement and program success.
Looking ahead, these trends indicate a robust trajectory for innovation and collaboration within the sector. We can expect further technological advancements and deeper integration of services, as well as a sustained commitment to culturally and community-responsive practices. Organizations that embrace these trends are likely to improve their impact and adapt more effectively to the evolving needs of the populations they serve.
This industry is comprised of:
Advocacy groups
Antipoverty boards
Community action agencies
Community chests
Community development groups
Councils for social agencies, exceptional children, and poverty
Fundraising organizations, except on a contract or fee basis
Health and welfare councils
Health systems agencies
Regional planning organizations, for social services
Social change associations
Social service information exchanges: e.g., alcoholism, drug addiction
United fund councils
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.