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Fewer Americans are making room in their budgets for charity, and nonprofits are increasingly relying on the affluent for support, according to a new study by The Chronicle of Philanthropy.
Only 24 percent of taxpayers reported on their tax returns that they made a charitable gift in 2015, according to the analysis of Internal Revenue Service data. A decade earlier that figure routinely reached 30 or 31 percent.
With fewer Americans giving to charity, nonprofits are increasingly leaning on the wealthy for support. Three-quarters of all itemized donations in 2015 were from taxpayers who earned $100,000 or more; those earning $200,000 or more accounted for more than half.