Nonprofit Finance Fund Survey: America's Nonprofits in Danger
"The survey reveals the precarious state of a sector that is continually asked to do more with less, and brings a long-standing problem into sharp relief," said Clara Miller, President and CEO of Nonprofit Finance Fund. "Lifeline organizations, 91% of which focus on serving vulnerable populations, simply will not be around to provide critical services if we continue with current practices. We must free the entire sector from the archaic assumptions and harmful constraints that keep many organizations perpetually on the brink of survival, and especially at risk in times of recession."
Adjusting to a new financial reality
Nonprofits are taking steps to weather the recession that range from cuts to essential programs to layoffs. When asked to identify actions taken within the past 12 months or planned for the next 12 months: 39% identified "reduce or eliminate programs"; 41% identified "reduce staff or salaries"; and 23 % identified "delay payments to vendors."