Aug 17, 2010

Nonprofs continue to struggle, GuideStar report says

The recession is still adversely affecting public charities and private foundations, according to new research from GuideStar, a nonprofit information clearinghouse. Around 40 percent of some 7,000 responding organizations reported contributions dropped during the first five months of 2010 compared with that time last year. Other findings: 17 percent of respondents reduced program services, and 11 percent laid off employees. In organizations that use volunteers, 17 percent put one or more in what had been paid positions. And 8 percent said their organizations was were in imminent danger of closing. Click here for the free report, "The Effect of the Economy on the Nonprofit Sector: A June 2010 Survey."

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