ECFA conducted a survey to ask how churches and ministries ended 2017 and began 2018 in terms of charitable giving. The survey yielded a wealth of helpful information on giving trends, and how they appear to be impacted by tax reform. The results will be released in a series of three reports over the next few months.
The first of the three reports has just been released. Here are a few key findings:
Better position to start 2018. The year 2017 ended better than did 2016 in terms of giving for many of the churches and nonprofits surveyed, which included both ECFA member organizations as well as other organizations on ECFA’s mailing list.
Not much financial margin. The increased giving somewhat hides the close financial margins experienced by most ECFA-related ministries, where money remains tight.
Ministries are very donation-dependent. For ECFA-related ministries, December is a crucial month, with a disproportionately high amount of donations, which are crucial to each ministry’s budget.
Download Report #1 of the Survey Results Here.
ECFA will release the 2nd and 3rd reports, with further findings from the survey, including the impact of tax reform, in the coming months.