This story is from April; I wonder how the survey findings then compare to now.
New York - April, 2009 - America's nonprofits, including the "lifeline" organizations that many depend on for food, shelter, and other basic services, are strained to the breaking point, according to a survey released today by Nonprofit Finance Fund (NFF). The survey of over 1,100 nonprofit leaders in markets nationwide captures the financial state and particular challenges facing these organizations.
Key findings include:
Only 12% expect to operate above break-even this year.
Just 16% anticipate being able to cover their operating expenses in both 2009 and 2010.
31% don't have enough operating cash in hand to cover more that one month of expenses, and another 31% have less than three months' worth.
52% of respondents expect the recession to have a long-term (2+ years) or permanent negative financial effect on their organizations.
93% of lifeline organizations that provide essential services anticipate an increase in demand in 2009.
Many organizations are experiencing a decline in funding even as demand increases. In 2009, 43% of respondents expect a decrease government funding; 62% expect a decrease in financial support from foundations; and 49% expect a decrease in contributions from individuals.
Full story: http://www.nonprofitfinancefund.org/content.php?autoID=166
ABOUT NONPROFIT FINANCE FUND Nonprofit Finance Fund (NFF) is a national leader in nonprofit, philanthropic and social enterprise finance. Founded in 1980, NFF (http://www.nonprofitfinancefund.org) provides loans, access to capital and consulting services that build the capacity and the financial health of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $190 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for thousands of nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in Philadelphia, New York City, Newark, Boston, Detroit, Washington, D.C., and San Francisco.
For more information, contact:
Tricia McKenna or Crystal Noble
Louder Than Words
781-487-0002
nff@louderthanwords.com
New York - April, 2009 - America's nonprofits, including the "lifeline" organizations that many depend on for food, shelter, and other basic services, are strained to the breaking point, according to a survey released today by Nonprofit Finance Fund (NFF). The survey of over 1,100 nonprofit leaders in markets nationwide captures the financial state and particular challenges facing these organizations.
Key findings include:
Only 12% expect to operate above break-even this year.
Just 16% anticipate being able to cover their operating expenses in both 2009 and 2010.
31% don't have enough operating cash in hand to cover more that one month of expenses, and another 31% have less than three months' worth.
52% of respondents expect the recession to have a long-term (2+ years) or permanent negative financial effect on their organizations.
93% of lifeline organizations that provide essential services anticipate an increase in demand in 2009.
Many organizations are experiencing a decline in funding even as demand increases. In 2009, 43% of respondents expect a decrease government funding; 62% expect a decrease in financial support from foundations; and 49% expect a decrease in contributions from individuals.
Full story: http://www.nonprofitfinancefund.org/content.php?autoID=166
ABOUT NONPROFIT FINANCE FUND Nonprofit Finance Fund (NFF) is a national leader in nonprofit, philanthropic and social enterprise finance. Founded in 1980, NFF (http://www.nonprofitfinancefund.org) provides loans, access to capital and consulting services that build the capacity and the financial health of nonprofits. A leading community development financial institution with over $80 million in assets, NFF has provided over $190 million in loans and access to additional financing via grants, tax credits and capital in support of over $1 billion in projects for thousands of nonprofit clients nationwide. NFF has a staff of more than 75 serving nonprofits nationally from offices in Philadelphia, New York City, Newark, Boston, Detroit, Washington, D.C., and San Francisco.
For more information, contact:
Tricia McKenna or Crystal Noble
Louder Than Words
781-487-0002
nff@louderthanwords.com
