Survey: Tough economy squeezes nonprofits on both sides

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.

This entry was posted in Economy and tagged , , , . Bookmark the permalink.

JVA welcomes your comments and feedback on all Nonprofit Street articles. While JVA will post all relevant comments, it will not post comments that are advertising products or services or those with obscenities. Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s