Forbes published a list of 50 US largest charity organizations with United Way still on top of the list. The companies received last year $30 billion in donations, which is one-tenth of the estimated $300 billion given to the country’s more than a million nonprofit organizations.
As the News outlet reports, the Alexandria, Va.-based network of more than 1,000 separate units largely dependent on paycheck deductions received $3.9 billion in gifts for the year ending December 31, 2012, $24 million more than the previous year. In a difficult economic environment, that represented a 0.6% increase.
Salvation Army stands second on the list with its donations risen 11% to $1.9 billion, more than making up for a 6% fall from the previous year.
Meanwhile, its health activities in 50 countries, including the US, the charity brought in $1.7 billion, most of it donated medicines.
The last one on the list had annual private donations of $214 million.
According to the News outlet specifications, the main metric for inclusion is the amount of private donations received in the latest available fiscal year.
The source of those donations can be individuals, corporations and other nonprofits. Donations can be in cash, securities and goods (known as gift-in-kind), and they can be bequests from estates. They have to be no-strings-attached gifts with nothing in return except psychic pleasure of supporting a cause the donor deems worthy. Not counted, for instance, are membership dues, such as what one might pay at the Metropolitan Museum of Art, on the theory that the member is getting something back for the payment, like reduced admission price.
Voice of Russia will shed more light and details on organizations’ activities in the upcoming report.
source: Voice of Russia