Americans are generous people. Despite the economy, charitable giving appears to be back on the rise. The story is
here.
The Blackbaud Index of Charitable Giving released today reported that overall revenue increased by 12.1 percent for the 3 months ending April 2010 as compared to the same period in 2009. A significant portion of this increase was related to the very generous outpouring of support to organizations helping with relief efforts in Haiti.
The Index was released today as an information element of The NonProfit Times' economic dashboard, a tool that is featured on the news outlet's homepage and provides an at-a-glance view of key indicators for the nonprofit sector. The dashboard will also include a specialty index from Blackbaud that provides further analysis and insight into key trends.
Along with the launch of the Blackbaud Index of Charitable Giving today, Blackbaud released additional data and analysis that reports on organizations by size. The Index found that three-month revenue for small organizations (prior year revenue of < $1 million) increased 12.3 percent in April, while revenue at medium organizations (prior year revenue of $1 -- 10 million) decreased 2.5 percent, and revenue at large organizations (prior year revenue > $10 million) increased 19.2 percent.
The data show that donations for the smaller organizations bottomed out in July of 2009, remained roughly flat throughout the second half of 2009, and turned upward starting in January 2010.
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