April 9, 2009

Fewer Than Half of Charities Raised More Money in 2008, Study Finds

Forty-six percent of nonprofit organizations raised more money last year compared with 2007, according to preliminary findings of a study released last week by the Association of Fundraising Professionals at its annual meeting here.

Reflecting the toll exacted by the economic downturn, the percentage of fund raisers whose institutions raised more money last year was a new low in the eight years the survey has been conducted. In a typical year, 60 percent of fund raisers report being

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