Wednesday, March 25, 2009

Number of nonprofits dramatically increasing reports the IRS

"The number of charities and private foundations registered with the Internal Revenue Service has increased by more than 5 percent in each of the past two years, according to figures released by the tax agency, and reached a total of nearly 1.2 million last year." This is according to an article published yesterday in the Chronicle of Philanthropy.

Many foundations have lost money in the last year or two, and I think that individuals and corporate donors are going to be less likely to give in this difficult economy. It is well known that local donors give to those causes close to them; close to their heart or close to their home. For many, donating at all this year is going to be questionable. This makes funding those organizations already in existence more difficult than ever before.

What do you think? Is there enough funding going to enough nonprofits that are providing enough services? Should there be an unlimited number of nonprofits out there struggling?

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