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U.S. Charitable Giving Hits $592.5 Billion in 2024

6/26/2025

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Summary

Story summary

Charitable giving in the U.S. reached $592.5 billion in 2024, marking a 3.3% increase from 2023.
Individual donations totaled $392 billion, while corporate philanthropy saw a 6% growth.
Religious organizations received $146.5 billion, reflecting a 1% decline from the prior year.
Financial challenges persist for nonprofits, with 45% dependent on federal funding and 18% having under a month’s funding.

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Story summary

Charitable giving in the U.S. reached $592.5 billion in 2024, marking a 3.3% increase from 2023.
Individual donations totaled $392 billion, while corporate philanthropy saw a 6% growth.
Religious organizations received $146.5 billion, reflecting a 1% decline from the prior year.
Financial challenges persist for nonprofits, with 45% dependent on federal funding and 18% having under a month’s funding.