Monday, March 22, 2010

Charity Survey - Tough Year Ahead

Stephanie Strom of the New York Times reports on this year's survey from the Nonprofit Finance Fund. Eighty-eight percent of the nonprofits surveyed expect 2010 to be financially as difficult (or more difficult) as 2009 for their nonprofits (one wonders about the other 12%), 80% predict that need for their services will increase and only 49% expect to able to meet this increased demand, and only 18% expect to end 2010 above break-even (compared with 35% who ended 2009 with an operating surplus).

For the full report, which includes information about how charities have dealt with the difficult times, go to the Nonprofit Finance Fund website.


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