Guidestar has published its latest report of The Effect of the Economy on the Nonprofit Sector: March – May 2009 based on a survey of over 2000 public charity and private foundation employees. Among its findings:
• More than half (52 percent) of the organizations have experienced a decrease in contributions.
• More than a third (36 percent) of grantmakers gave less money in grants over the three-month period.
• Of the organizations that have cut their budgets, the majority are making ends meet by cutting services (54 percent) and freezing staff salaries (44 percent).
• Eight percent of organizations reported that they are in imminent danger of closing their doors because of a lack of financial resources.
A copy of the report can be obtained by going to the Guidestar Publications website.