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.

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