SEATTLE (AP) — As the first signs of an economic recovery make the news, many of the nation's nonprofit organizations are digging in for another three to four years of financial distress, according to researchers who keep an eye on the charitable world.
Some larger nonprofits are seeing donations start to rise again, but most report their income is holding steady at lower, post-recession levels or is still going down, according to a new study from the Nonprofit Research Collaborative.
The collaborative found 59 percent of nonprofits report their donation income is flat or lower than in 2010, which was another down year for most charities. Among those that receive some government dollars — long considered a safety net for charitable organizations — more than half are reporting a decline in income for the year.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
