Charitable donations in the United States declined by 2.1% in 2023, totaling $557.16 billion, according to a new Giving USA report. This marks the second consecutive year of decline after inflation, with inflation cited as a primary reason.
Americans gave less money to charity in 2023 for the second straight year, reversing years of increases as nagging inflation left small donors feeling pinched. https://t.co/HPsWQ6yRUl
Charitable donations after inflation fell for second straight year in 2023 https://t.co/xwhv47sNBA
Charitable donations continue to decline, down 2.1% in 2023, according to a new Giving USA report https://t.co/fFWLyKEb3w
Giving USA: U.S. charitable giving totaled $557.16 billion in 2023 https://t.co/HVpON73sSD https://t.co/DrPQgaU5vE
The fraction of US households donating $500 or more to charity remained relatively constant between 1992 and 2022 but the fraction volunteering declined consistently after 2005, from V. Kerry Smith https://t.co/YzWZ898al0 https://t.co/EXI6yXIA7h
According to an annual report, charitable donations were down in 2023, and inflation is the reason. https://t.co/u3sm1Rv6ym