Concerns Mount for Nonprofits as Economic Woes Prove Stubborn Dan Parks - Philanthropy.com
go to original June 22, 2022

Charitable giving in the United States reached a record $485 billion in 2021, though the increase did not keep pace with inflation. (cottonbro/Pexels)

Worrisome economic data for nonprofits continues to pile up, with key indicators signaling a long and difficult road ahead as costs are rising due to inflation and the tight job market is squeezing nonprofit budgets.

So far, experts say, there’s no hard evidence that the economy is causing donors to pull back in their giving. However, the big question — when do these trends become entrenched enough to cause donors to curtail giving — remains unanswered.

Worrisome economic data for nonprofits continues to pile up, with key indicators signaling a long and difficult road ahead as costs are rising due to inflation and the tight job market is squeezing nonprofit budgets.

So far, experts say, there’s no hard evidence that the economy is causing donors to pull back in their giving. However, the big question — when do these trends become entrenched enough to cause donors to curtail giving — remains unanswered.

Here’s a closer look at some of the economic data experts say nonprofits and fundraisers should be watching.

Read the rest at Philanthropy.com

Related: 2021’s Surprisingly Strong Giving and the Dark Clouds Over 2022 (Philanthropy.com)

Related: U.S. Charitable Giving Hit Record in 2021 but Inflation Looms (CTVNews)

  Learn about AITE Drawing a Future