October 20, 2013
An Uneven Recovery at Nation’s Big Charities
America’s biggest charities raised just 4% more last year and expect a flat 2013, Chronicle tally finds
Courtesy of Wounded Warriors Project
As America’s economy seesaws, the biggest nonprofits are barely able to make up the fundraising losses they sustained in the Great Recession.
Donations to the Philanthropy 400, the charities that raise the most in America, grew just 4 percent last year, slightly more than half the gain in 2011. And the forecast from 88 groups that provided estimates for 2013 is even more grim: It shows a projected decrease of 1 percent.
A tally by The