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
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.
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