As charitable giving continued a modest ascent during the economic recovery, the nation’s largest charities continued to generate revenue that isn’t from the formerly tried and true government support and investments.
Organizations in this year’s NPT 100 reported total revenue of $70.067 billion, up 3.19 percent compared to last year while public support was up 5.6 percent, to $34.931 billion.
The 2013 NPT 100, the 25th annual snapshot of the nation’s largest nonprofits, is based primarily on organizations’ Internal Revenue Service (IRS) Form 990 for the Fiscal Year Ending 2012. In some cases, charities submit compilations of affiliate 990s or audited financial statements.
Below: Dan Romano of Grant Thornton breaks down the NPT 2013 Top 100
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The biggest hit to charities’ bottom lines last year was a continued decline in government support, down 5.6 percent to $10.34 billion, but also investment income, which dipped 6.26 percent to $2.633 billion after a nice rebound in 2011.
Program service and other revenue took up the slack: program revenue was up 2.19 percent from $17.926 billion to $18.319 billion, the second-largest category, and other revenue jumped nearly 20.5 percent from $3.128 billion to $3.768 billion.
Click here to listen to Grant Thornton’s Mark Oster talk about how endowments and nonprofit operations have changed since the start of the recession.