CFCA ranks higher this year in Philanthropy 400
October 27, 2010
The Chronicle of Philanthropy has elevated CFCA’s ranking in the Philanthropy 400, a list of U.S. charities that raised the most funds from private sources.
Because of achievements in fundraising, the newspaper ranked CFCA at 185 on the list in 2010, up from 205 in 2009.
The news came as donations to U.S. charities dropped an average of 11 percent in 2009, the newspaper reported, and many nonprofit organizations say they expect only a slight improvement in that number for 2010.
CFCA raised $105,400,045 in private support in 2009, a 1.2 percent increase from the year before.
“For nearly 30 years, our sponsors and donors have shown a strong commitment to bringing hope to families living in poverty throughout the world,” said Martin Kraus, CFCA director of finance. “We are blessed to have their steadfast support, especially in these difficult economic times.”
To be recognized in The Philanthropy 400, charities may report cash and other types of gifts, such as stock, real estate and other noncash gifts.
The Chronicle is a newspaper reporting on nonprofit organizations for more than 20 years. It compiles the Philanthropy 400 list using reporting from the organizations and the Form 990, an informational tax return that the IRS requires for charities to disclose their finances publicly.