Nonprofit Finance Fund Survey: America's Nonprofits in Danger
Survey of 950+ Nonprofit Professionals Finds Half Expect the Recession to Have Long-Term or Permanent Negative Effect on their Organizations
"Like many other nonprofits, we have had to make cuts that directly and negatively affect the people we serve,” said survey respondent Felix Rouse, CEO of the Boys & Girls Clubs of Newark. "We have temporarily closed one of our five sites. We have reduced our program offerings from 47 to 30, and have had to lay off about 25 employees (28% of the workforce). We are having a hard time with cash flow due to the lack of unrestricted revenue.”
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