Nonprofits in dire straits, report says

The nation's nonprofits are in serious trouble, according to a report released today by the Nonprofit Finance Fund. It's a survey of 986 nonprofits in markets across the country. Among the troubling findings: 31 percent don’t have enough cash to cover more that one month of expenses; 12 percent expect to operate above break-even this year; 16 percent think they'll be able to cover operating expenses in 2009 and '10; 52 percent expect the recession to have a long-term or permanent negative financial effect on their organization. This link offers both a summary and another link to the full PDF report.