American charities continue to struggle financially
According to the Chronicle of Philanthropy, America’s biggest nonprofits are barely able to make up the fundraising losses they sustained in the Great Recession.
Only about half of the charities on the Philanthropy 400 are raising more than they did in 2007, when the recession started.
A sign of the struggle: The No. 1 organization, United Way Worldwide, is treading water.
After United Way and Fidelity Charitable, number 3 on the list was the Salvation Army, followed by Task Force for Global Health, Feeding America, and Catholic Charities USA.
Most traditional charities, which rely on a broad pool of donations from Americans at all income levels, continue struggling to win support.
This entry was posted in Fundraising, Humanitarian Aid, Philanthropy by Grant Montgomery.