Government Cutbacks Leave Faith-Based Services Hurting

In normal times, nonprofits can tap into bank credit lines to cover lags in payment. But faced with swelling late payments, many organizations have hit their maximum or struggling banks have cut their lines of credit.

Independent Sector, a coalition of charitable groups that represents nonprofits, estimates that at least $15 billion — 18 percent of all government funding to nonprofit human service providers — is delayed or will be delayed if the problem is not addressed.