Just over half of charities saw a drop in donations between March and May of this year, the same portion as reported a decline between October and February, according to a survey by the nonprofit watchdog group Guidestar.
Meanwhile, 36 percent of charities have cut their budgets this year, while the same portion said their budgets have increased.
Bob Ottenhoff, president of Guidestar, said he was surprised by the findings. "We thought we’d see a much bigger dip,” he said. "Either that means they’ve found some ways to get through or the decrease has yet to come.”
Mr. Ottenhoff and Bradford Smith, president of the Foundation Center, announced the findings together during a teleconference. They warned that there is plenty of data to suggest that the worst has yet to come.
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