“Perfect Storm” of Fiscal Stress Hits Nonprofits
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Contributing to this stress has been a perfect storm of impacts including declining revenues (51 percent of organizations); increased costs, particularly for health benefits; declining endowments; and decreased cash flow as a result of restricted credit and government payment delays.
The 363 organizations that participated in the survey as part of the Johns Hopkins Nonprofit Listening Post differ widely in size, cover all regions, and represent a diverse array of fields, including children and family services, elderly services and housing, community development, education, arts and culture, and others.
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