Posts

Showing posts with the label Charities

Charities

Image
 Charities The 100 largest charities in the U.S. pulled in $49.5 billion in donations during their most recently reported fiscal years. While that equals 11% of the estimated $450 billion given to the country’s one million-plus nonprofits in 2019, their total take is down 3.9% from the year before. The impact of the pandemic? Not likely, since most of the charities’ fiscal years reported here ended before Covid-19 hit in early 2020. One notable exception: No. 1 United Way. After years of declining contributions, this national network of 1,300 local nonprofits increased its contributions by 9% to $3.6 billion in a fiscal year that stretched until June 30, 2020—well into the pandemic. While United Way traditionally raises money primarily through payroll deductions, it tapped new sources and formed new partnerships to support Covid relief efforts—for example, partnering with Black Entertainment Television to stage a star-studded telethon. As in prior years, rankings of the 100 organiz