Income, finances at associations remain in recovery mode
- March 22, 2013 |
- CEO Update
Revenue rebound: Median income rose 5 percent or more both last year and in 2011; fewer groups are operating in the red Association finances continue to recover from the recession, with median revenues increasing 5.2 percent in 2011, according to Association Intelligence, CEO Update's database affiliate. Based on the organizations that already have filed their fiscal year 2012 tax document, the trend appears to be continuing. Median revenue for trade associations and professional societies rose 5.0 percent last year. In contrast, median revenue fell 5.3 percent in 2009. Seventy percent of associations reported increasing revenues year-over-year in 2011, compared with 32… Read More