The Nonprofit Finance Fund ran a survey of more than 950 nonprofit leaders about the state of the economy and how it will impact nonprofits.
You can see the survey 'highlights' here.
Some key findings (and it's beyond scary):
- 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 than 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.
Now, more than even, nonprofits need our help.
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