US Charitable Giving Declines in 2022 Amid Economic Challenges.

Charitable giving in the United States fell 3.4% to $499.3 billion in 2022 due to stock market volatility and persisting economic uncertainty, according to the Giving USA report. This equates to a drop of 10.5% when adjusted for inflation. Total charitable giving has only dropped three other times in the past 40 years in current dollars. The drop in donations in 2022 comes after the U.S. had the two best years on record for charitable giving. However, the results could have been much worse given the challenging economic climate during late last year. Americans still gave nearly a half trillion dollars, demonstrating "how essential they view the nonprofit sector and its ability to solve big problems."