Nonprofit Groups Foresee Tough Year
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March 23, 2010, The New York Times — A new survey of nonprofit groups suggests that this year will be as challenging for them as 2009, when many organizations suffered from declines in giving, delays in government payments and increased demand for their services.
Some 80 percent of the 1,315 nonprofit groups responding to the survey said they expected the demand for service to be even greater this year, and only 49 percent of the respondents expected to be able to meet that demand, according to the survey by the Nonprofit Finance Fund, a charity that provides loans and other financial services to nonprofit groups.
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Stephanie Strom
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