Tuesday, August 17, 2010

The Effect of the Economy on the Nonprofit Sector

The Guidestar June 2010 economic survey, which measured the impact of these difficult economic times on the nonprofit sector. Among respondents, nearly half were CEOs, executive directors, or presidents—our leaders in the nonprofit industry. The results are compelling:
• Some 40 percent of participants reported that contributions to their organizations dropped between January 1 and May 31, 2010, compared to the same period a year earlier.
• Eight percent indicated that their organizations were in imminent danger of closing.
• Sixty-three percent reported a total increase in demand for their organization's services between January 1, 2010 and May 31, 2010, compared to the same period a year prior.

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