June 29, 2009 — Eighty percent of nonprofit organizations are experiencing fiscal stress according to a survey released today by Johns Hopkins University, and close to 40 percent of them reported that this stress was “severe” or “very severe.” Theaters and orchestras were particularly hard hit, with nearly 75 percent of the former and half of the latter reporting “severe” or “very severe” stress.
Museums, theaters and operas, already reeling from the recession, are having a tough time attracting support amid perceptions that vital services like soup kitchens and homeless shelters should receive funds first.
According to a recent study by the National Association of Colleges and Employers, companies intend to hire 22 percent fewer college graduates this year compared to last year's class. In early reports from the NACE's study of 2009 graduating seniors due out in April, as many as 63 percent of students surveyed are concerned that the economy will negatively affect their job prospects.
