News

The largest U.S. charities increased revenue by 4 percent in 2012

The largest U.S. charities increased revenue by 4 percent in 2012 but a recent survey suggests that fundraising revenue will drop 1 percent in 2013. The Chronicle of Philanthropy's annual Philanthropy 400 list says the 2012 increase was just half the increase reported in 2011. United Way Worldwide was the top fundraiser with $3.9 billion in 2012, an increase of 1 percent over 2011. Donations from donors of all incomes struggled, reports the Chronicle, although nonprofits with donor-advised funds and gifts from wealthy philanthropist had "a strong year."

Perhaps because they are so infrequent, nonprofit financial scandals often make the headlines, says American Nonprofits and the publication Blue Avocado. The two organizations surveyed 900-some nonprofit finance professionals whose job it is to steward charitable, earned, and public funds in the pursuit of mission.

11/13/2013