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Greater%20Washington%20Society%20of%20Certified%20Public%20Accountants<%2Fa>%20(GWSCPA)%20Nonprofit%20Finance%20%26%20Accounting%20Symposium<%2Fa>%20indicated%20that%20they%20expect%20their%20nonprofit%20organizations%20to%20grow.%20Seventy-seven%20percent%20of%20the%20respondents%20expect%20growth%20and%20increased%20revenues%20in%202015,%20compared%20to%2076%20percent%20last%20year.%20The%20percentage%20of%20respondents%20reporting%20improved%20current%20financial%20health%20rose%20to%2063%20percent,%20up%20from%2057%20percent%20in%20last%20year’s%20survey.%20The%20environment%20for%20nonprofits%20has%20improved%20to%20the%20point%20that%20one%20in%20five%20survey%20respondents%20see%202015%20as%20an%20opportune%20moment%20to%20launch%20a%20capital%20campaign.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.nonprofitpro.com%2Farticle%2Fnonprofit-professionals-anticipate-revenue-increases-capital-one-bank%2F" target="_blank" class="email" data-post-id="9447" type="icon_link">
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Challenges remain
The nonprofit sector continues to address longstanding challenges, however. Fifty-nine percent of those surveyed expect increased competition for donations to be the greatest fundraising challenge they will face in the coming year. Nineteen percent of nonprofits expect to reduce administrative costs by partnering with other organizations in 2015.
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