Charitable giving increased by 4% in 2021 compared to 2020. Americans gave a staggering $484.85 billion total, 67% of which was from individual donors. Though generosity is always commendable, current donation increases are unfortunately unable to keep up with inflation. There’s still plenty of time to give this year, though, and a significant portion of all charitable donations are usually made in the month of December.
There is no shortage of noble causes in need of support this year, especially considering the devastating impact of high inflation on many individuals’ and organizations’ finances. No one wants their money to go to waste, though, so it’s fair to wonder which charities will make the best use of your donations.
To help you maximize your impact without jeopardizing your financial health, WalletHub compared more than 200 of the most prominent U.S. charities based on their financial performance, transparency and popularity. We also identified the best organization to donate to for each of the most popular causes.
