Charities Report Income, Expenses Up

A survey of American charitable institutions reports that while many organizations raised more money in 2003, their expenses were also higher. “While 64 percent of the 236 organizations across the country that responded reported more income, 66 percent said they had higher costs for health and liability insurance as well as for wages and salaries and other expenses. More than half of the respondents reported being in “severe” or “very severe” financial stress.”