Saturday, January 24, 2009
The Center for Nonprofit Advancement has issued a recent survey regarding the health of DC based nonprofits in the current economic crisis. Here is a summary of the survey from tomorrow's Washington Post
A recent survey of member nonprofits by the D.C.-based Center for Nonprofit Advancement revealed that one-third have no operating reserves or endowment; 44 percent anticipate their organization will face increased demand for services in 2009; and 41 percent anticipate suspending or closing down programs or laying off staff. At the same time, 47 percent of foundations responding to the Washington Regional Association of Grantmakers' October 2008 survey said they will make fewer grants in 2009. Three months later, with a fuller understanding of the crisis, the impact may be even greater.