• Phil Hardwick

The effect of the economy on nonprofits – latest survey

A June 2010 survey of nonprofit organizations by Guidestar found the things are tough for many organizations.  Among the findings:

  1. Eight percent of respondents indicated that their organizations was were in imminent danger of closing.

  2. In order to balance budgets, 17 percent of respondents reduced program services, and 11 percent laid off employees.

  3. More than 60 percent of participants reporting decreased contributions attributed the drop to a decline in both the number of individual donors and the size of their donations.

  4. Among organizations that use volunteers, 17 percent used one or more in what had formerly been paid positions.

  5. About a third (32 percent) of organizations increased their reliance on volunteers, whereas 9 percent experienced a decline.

Click here to get the full report from Guidestar.

#economyandnonprofits #GuideStar

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