![]() This represents an opportunity for growth to farsighted nonprofits. The same report by Giving USA also noted that giving by individuals declined slightly by 1.1 percent in 2018. In Fiscal Year 2018, the Internal Revenue Service recognized more than 1.7 million tax exempt organizations under section 501 (c). That’s a rise of 0.7 percent from 2017 giving or a 1.7 percent decrease after adjusting for inflation, and a 9 percent increase from the $390.05 billion in donations in 2016. Strong support continued in 2018, with total giving from individuals, foundations, and corporations exceeding $427 billion. American organizations and individuals provided record-breaking levels of support in 2017. According to a report from Giving USA, the sector is large and with one crucial exception, growing: Nonprofits (or not-for-profits) exist in a highly competitive world. ![]()
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