There’s good news for U.S. charitable organizations: Fundraising grew for the 10th consecutive month, according to Blackbaud Inc.’s latest quarterly report released Monday.
Better yet, overall charitable revenue grew by 11.3% for the three months ended May 2011 over the previous year, the first time in a long while growth has exceeded 10%, Chuck Longfield, the firm’s chief scientist and creator of The Blackbaud Index, said in a statement. The trend is based on $2.3 billion in 12 months’ revenue from 1,383 nonprofit organizations.
Longfield noted that organizations of all sizes are experiencing growth for the first time since the onset of the recent recession. Fundraising at medium and large organizations grew by 10%, while small organizations (those with less than $1 million in annual fundraising revenue) grew by 17.6%.