Economy’s Troubles Pose Challenges for More Than Half of Charities in New Survey
March 31, 2009 | Read Time: 1 minute
Forty-six percent of nonprofit organizations raised more money last year compared with 2007, according to preliminary findings of an annual survey released today by the Association of Fundraising Professionals.
Reflecting the toll exacted by the economic downturn, the percentage of fund raisers whose institutions raised more money last year was a new low in the eight years the survey has been conducted. In a typical year, 60 percent of fund raisers in the survey report being able to raise more money.
And only 28 percent of the 481 fund raisers surveyed believe their organizations will raise more money this year, the lowest level of optimism found in the history of the survey. One-third of the organizations predicted they will raise less money in 2009.
