Seventy nonprofits recently participated in a survey by Mile High United Way to learn how the economy was affecting their organizations. Some results from the survey, as reported in the Denver Business Journal:
• 85 percent of Denver-area nonprofits are getting greater demand for their services.
• 29 percent have trimmed staff, and another 29 percent are considering doing so.
• 6.5 percent say they’ve reduced services, and 14 percent are considering it. Meanwhile, 35.5 percent say they’ve increased services in response to greater demand.
• 39 percent say they’ve dedicated more staff time to fundraising; 57 percent say they may do that.
• 29 percent say they’re dipping into reserves to fund operations, and 35 percent are considering it.
• 23 percent are reallocating their assets and investments; 29 percent are looking at that option.
• 44 percent have seen a decline in revenue.
• 39 percent have seen a drop in individual donations.
• 63 percent are cutting noncrucial expenses such as travel and supplies. Another 56 percent say they’re considering doing so in the next six months.
• 10 percent of local nonprofits are in the process of merging with other nonprofits.
• 81 percent of nonprofits said they’re optimistic about being able to meet their goals this year; 19 percent are pessimistic.
JVA Consulting knows how sobering this study is and is here to help.