Study: Operating Charity Investment Returns Rise to an Average of 15.1 Percent in Fiscal Year 2013

Debt

Continuing the deleveraging trend of recent years, for FY2013 the 24 operating charities reporting that they carried debt had an average debt of level of $39.8 million and a median debt level of $10.7 million. Last year's comparables were average debt of $50.4 million and median debt of $13.8 million.