“Perfect Storm” of Fiscal Stress Hits Nonprofits

To achieve this result, nonprofits have displayed unusual resolve and launched inventive coping strategies:

· Well over half of all organizations have launched new or expanded fund-raising efforts, targeting individuals, state and local government, the federal government and foundations.

· Substantial proportions of organizations are tightening their belts further, cutting administrative costs, creating collaborative relationships with other nonprofits, instituting salary freezes, postponing new hires, and relying more heavily on volunteers.