Elsewhere online
January 07, 2016

Jewish Federation Assets Return to Pre-Crash Levels, Study Finds

Jewish nonprofits have seen significant revenue gains in recent years and, in the aggregate, have recovered from declines precipitated by the 2008 financial crisis and subsequent recession, according to The Jewish Week. The publication cites the latest report from its "Jewish GDP" project, which tracks the financial health of Jewish nonprofit sector over time.

The study, using fiscal data covering 2007 through mid-2014, found that Jewish federations' collective revenues were 3 percent higher than at the time of the crash. The inaugural Jewish GDP report, released a year ago, showed that as of 2012, Jewish groups' assets still lagged behind pre-recession levels by double digits. A booming stock market closed the overall gap, but the recovery has been uneven, with a third of federations accounting for the gains while the rest are still below their 2008 revenue.