Note: This is a summary of a story from an older episode of the Nonprofit Times TV. To view the full story, click here for the video.
100 of the United State's largest nonprofits experienced a 4% drop in revenue last year, according to the NPT Top 100 Listing for 2010. At the top of the list was the YMCA, which raised $5.8 billion, a respectable number but still less than it had raised in previous years. Rounding off the top 5 were Catholic Charities USA, United Way Worldwide, Goodwill Industries, and the American Red Cross.
A rebound from the stock market and investments did make revenues at NPOs slightly higher than expected this year. Still, revenue needed to make the NPT 100 declined considerably when compared to previous years. To showyou just how much revenue declined, take a look at this statistic: revenue was $179 million last year. This year? It came out to a little more than $150 million. Overall, that was a 16% loss of revenue. Wow. We can only hope that the next year will bring a better result for these esteemed organizations.
To see the complete list of organizations in the 2010 NPT Top 100 List, visit nptimes.com.