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The M+R Benchmarks 2022 Are Here: Monthly Giving Up by 24%

One of my favorite statistics were just published: the M+R Benchmarks 2022. Not surprisingly, in the second year of the pandemic with still few in-person events, online giving grew, although not by as much as you’d expect, only 3%.

Monthly giving however was the major driver of that growth. It increased by 24%, while one-time revenue declined by 1%. Monthly giving accounted for 22% of all online revenue in 2021.

Some of that comes from those organizations that had already started growing their monthly gifts before the pandemic. But much came from those that started in 2020 and continued in 2021. Especially food focused organizations were extremely successful growing monthly gifts during that time.

Average gifts were also up. The average one-time gift was $125, up from $111 the previous year. The average monthly gift was $25, up from $24. That’s $300 a year!

Revenue

Revenue from monthly giving increased by 24% in 2021, while one-time revenue declined by 1%. The overall trend is clear: monthly giving growth significantly outpaced one-time giving. As a result, monthly giving increased from 16% of overall online revenue in 2020 to 22% in 2021.

Stats

You will find the stats about monthly giving right here, under the fundraising section. Let’s look at Monthly giving as a percentage of online revenue first.

Monthly Giving (%)20202021All16%22%Cultural1%3%Disaster/International Aid26%25%Environmental21%22%Health7%10%Hunger/Poverty8%22%Public Media34%45%Rights22%22%Wildlife/Animal Welfare25%32%Large19%25%Medium22%27%Small10%14%Source: M+R Benchmarks 2022

Monthly Giving ($)20202021All$24$25Cultural$36$27Disaster/International Aid$32$34Environmental$20$20Health$29$31Hunger/Poverty$41$44Public Media$14$11Rights$23$23Wildlife/Animal Welfare$20$20Large$24$24Medium$21$20Small$25$26Source: M+R Benchmarks 2022

If you look at both tables, you’ll see that some ‘verticals’ like public TV and Radio stations have a low monthly gift than others, but then they’re also seeing much higher percentages give monthly: 45% for public broadcasting. You also see how health, cultural and hunger/poverty nonprofits grew a lot!

Many of them really received a wake up call in 2020 so they pivoted to more online campaigns and direct mail driving to the web, when in-person events were no longer an option

Retention

Not surprisingly, retention was much higher for donors with a history of repeated donations than for new donors. Donors who made their first online gift in 2020 were retained at a rate of 23%. For prior donors — defined as those who had given at least once before 2020, and again in 2020 — the retention rate was 60%.

I’d like to end with this quote from the wonderful M&R Benchmarks team:

As the more dire human and social impacts of the pandemic continue to (hopefully) stabilize, reliable sources of revenue will gain increased importance.

In this context, the move toward more monthly giving, higher level of per-donor giving, and a commitment to retention will be key elements for nonprofit programs.”

And, especially in current-day challenges with a war in Ukraine, higher gas prices, higher prices everything, offering donors the opportunity to help in amounts that fit their budget is also the right thing to do. Donors want to make a difference. Make it easy for them do so!

I am very grateful to M&R for continuing this tremendous study. Thank you! While it’s not showing any and all type of nonprofit, it’s extremely in-depth, thorough and fun to read. They analyzed millions of records and billions of emails sent! And if you’re interested, you can even benchmark your own organization. Just go right here to do so.

Published on May 5, 2022 by NonProfit Pro.

The post The M+R Benchmarks 2022 Are Here: Monthly Giving Up by 24% appeared first on A Direct Solution.

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