Total charitable donations jump by more than $1 billion in 2023, driven by middle- and higher-income tax filers
Following the decreases seen in 2022, charitable donations rose significantly in 2023, with increases in both the number of donors and amount of donations. In 2023, there were just over 5 million (+1.9%) tax filers who reported a total of $12.8 billion in charitable donations, a $1.4 billion (+11.8%) increase over 2022. In addition, the median donation increased by 2.6% during this period to $390.
The increases in the number of donors and total donations were driven by tax filers with incomes of $60,000 and over. Among this income group, there were notable increases in both donors (+6.8%) and donations (+15.9%). Conversely, there were decreases in both the number of donors (-5.7%) and the dollar amount of donations (-5.6%) among tax filers with total incomes under $60,000.
Charitable donations increasing with age
Nearly one in four (24.1%) tax filers aged 65 and older reported a donation in 2023, representing 35.0% of all donors. This age group also reported half (50.0%) of the total amount donated. The second largest age group was tax filers aged 55 to 64. Just over one in five (21.0%) tax filers in this age group reported a donation, representing 19.2% of all donors and reporting 19.7% of total donations.
Contact information
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