| It's no surprise that many charity organizations | | | | As charity giving continues to fall, more and more |
| around the country are experiencing a major decline | | | | organizations are being forced to discontinue their |
| in outside giving. The current financial and housing | | | | charitable efforts in the community and around the |
| crisis is causing many donors to pull their funding, | | | | world. This is a sad truth that the large majority of |
| despite their wishes to support their favorite charity. | | | | organizations are feeling around the world, which |
| The $1.9 trillion nonprofit industry is suffering charity | | | | many who benefit from their work of charities are |
| giving losses in the billions each year. With over one | | | | also feeling. |
| million new organizations claiming nonprofit 501©3 | | | | With so much weighing down, it's clear that unless |
| status each year, this would prove to be a major | | | | something substantial happens, we may be seeing |
| problem. With that many new nonprofit organizations | | | | quite a few failing nonprofit organizations over the |
| coming into an industry where giving is in a major | | | | next few years. Least of all, there will be a large |
| decline, it's clear that many of these organizations are | | | | downsizing in nonprofit businesses, as donations are |
| destined to fail. | | | | required to cover all expenses including employee |
| Despite much charity organization's attempt to keep | | | | wages. What really draws the attention of people is |
| close ties to their biggest donors and support charity | | | | that nonprofit organizations employ over 10% of the |
| giving, many donors are finding it hard to donate to | | | | workforce in America. |
| their favorite charity. Despite success that many may | | | | If the economic times aren't on an upswing soon or |
| find in the business world, or in whatever industry | | | | donors can find another way to support their |
| they work in, one thing is apparent - that nobody has | | | | favorite charity, it's clear that our country may be |
| as much money as they used to. | | | | facing bigger troubles than the housing crisis. |