A (wineroom) wrote in non_profit,
A
wineroom
non_profit

2 things to read if you work in the non-profit sector.

The Democratic Leadership Council (DLC) has issued a rather stark report entitled "Quiet Crisis:  The Impact of the Economic Downturn on the Nonprofit Sector."

Nonprofit Finance Fund conducted a survey of over 950 nonprofit professionals. Key findings include:
  • Only 12% expect to operate above break-even this year.
  • Just 16% anticipate being able to cover their operating expenses in both 2009 and 2010.
  • 31% don’t have enough operating cash in hand to cover more that one month of expenses, and another 31% have less than three months’ worth.
  • 52% of respondents expect the recession to have a long-term (2+ years) or permanent negative financial effect on their organizations.
  • 93% of lifeline organizations that provide essential services anticipate an increase in demand in 2009.
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