Survey: Nonprofit Professionals Anticipate Another Year of Revenue Increases

(Press release, March 3, 2015) — For the second year in a row, approximately three-quarters of the nonprofit professionals surveyed at the annual Greater Washington Society of Certified Public Accountants (GWSCPA) Nonprofit Finance & Accounting Symposium indicated that they expect their nonprofit organizations to grow. Seventy-seven percent of the respondents expect growth and increased revenues in 2015, compared to 76 percent last year. The percentage of respondents reporting improved current financial health rose to 63 percent, up from 57 percent in last year’s survey. The environment for nonprofits has improved to the point that one in five survey respondents see 2015 as an opportune moment to launch a capital campaign.