Economy Slows Charitable Giving
While almost two-thirds of charities raised more money during 2007 than they did in 2006, the size of those gain dropped dramatically, according to figures released by the Association of Fundraising Professionals (AFP) at its 45th International Conference on Fundraising in San Diego, Calif. For the seventh consecutive year, AFP’s State of Fundraising Survey asked charities to compare their fundraising totals in one year (2007) to the previous year (2006). Overall, 65 percent of organization claimed to have raised more funds during 2007 compared to 2006, with 24 percent of respondents raising less, and 11 percent raising about the same amount.
The 65 percent figure represents a four-percent drop from the previous year (69 percent), which was the largest ever in the survey’s history, but is very similar to success rates seen during 2005 and 2004.
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