Great Recession Continues to Hurt Nonprofit Sector, New Survey Finds

(Source: MARKETWIRE)GuideStar USA, Inc. -- the leading source of nonprofit information -- today announced the results of its first economic survey of public charity and private foundations in 2010, which show that the nonprofit sector continued to take a beating in the wake of one of the nation's worst economic downturns. About 40 percent of respondents have seen a further decline in contributions in the first five months of 2010 compared to the first five months of 2009. At the same time, a majority (63 percent) have seen an increase in demand for their services. "Our survey echoes what