Yesterday, the inaugural edition of Blackbaud’s Index of Charitable Giving was released. Blackbaud is a global provider of software and services for nonprofits.
The news is good. Not only did the index find that nonprofits of all sizes are emerging from the recession, overall nonprofit revenue increased by 12.1 percent for the three months ending April 2010 over the same period in 2009. This is similar to what The Chronicle of Philanthropy found for the first quarter in its recent survey.
The Blackbaud report also says that smaller organizations have been the first to rebound from the recession, likely because most are focused on meeting the community needs that donors often support in tough times.
This broad-based fundraising index reports revenue trends of 1400 nonprofit organizations representing $2.2 billion in yearly revenue on a monthly basis. It is based on actual revenue statistics from nonprofits of all sizes representing arts, culture, and humanities; education; environment and animals; healthcare; human services; international affairs; public and society benefit; and religion sectors.