Alexandria, Va. (May 19, 2003) -- Apparently charities are among the groups feeling the pinch of the sagging economy -- only 56 percent of charities were able to reach their fundraising goals in 2002, according to a survey by the Association of Fundraising Professionals.

Arts and cultural organizations and religious organizations were hit especially hard, with less than half of those groups able to reach their goals, according to the AFP State of Fundraising survey. In 2002, just over 49 percent of charities raised more money than they did in 2001; a drop of 12 percentage points from last year’s survey results.

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