U.S. Charities See Sharp Decline in Donations
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The biggest U.S. charities saw the sharpest decline in donations in 20 years in 2009, with donations down by an average of 11%, according to The Chronicle of Philanthropy
Only four of the top 10 saw contributions rise last year. They were Catholic Charities USA, the AmeriCares Foundation, Feed the Children and World Vision. Catholic Charities USA saw a 66% increase in donations. United Way Worldwide, the Salvation Army and the American Cancer Society all saw donations fall.
Nonprofits told the Chronicle of Philanthropy that they don't expect 2010 to be much better.
The 400 institutions surveyed by the Chronicle of Philanthropy raised a total of $68.6 billion in 2009.