Non-profits expect recession’s impact to be long-term

Share this content:

Times aren’t good for non-profits at a time when many are seeing a growing demand for the services that they provide.  

In a survey of 986 non-profit leaders by Nonprofit Finance Fund, just 16% expect being able to cover their operating expenses in 2009 and 2010. The recession is expected to have long-term or permanent negative financial effect on their organization by 52% of respondents.

When asked to identify actions taken within the past 12 months or planned for the next 12 months to address this financial situation, 39% identified "reduce or eliminate programs,” 41% identified "reduce staff or salaries" and 23% identified "delay payments to vendors."

Many respondents expressed interest in exploring new ways to manage through the crisis and beyond, to continue serving their communities, with 58% saying they would like to conduct scenario planning, 52% wanting help communicating their financial picture to board members and/or funders and 34% interested in program profitability analysis.

This article is part of the DMNPolitics site, in partnership with Fluent. Click on the footer to see all of our content about the 2016 Election

Loading links....
close

Next Article in DMNotes

Sign up to our newsletters

Follow us on Twitter @dmnews

Latest Jobs: