What is the impact of recession on the nonprofit sector?
NFF Study of 2001 Recession (Completed in 2008): NFF analyzed 6,500 mid-sized nonprofits through the 2001 recession to understand how these organizations were affected. NFF’s study found that both during and after the 2001 recession, more nonprofits experienced deficits than before it began. In 2005, the number of nonprofits experiencing deficits was still greater than before the recession began. Additionally, nonprofit expenses outpaced revenue during this time. See the results of NFF’s recession study here. 2009 Survey: The 2009 survey revealed that America’s nonprofits, including the “lifeline” organizations that many depend on for food, shelter, and other basic services, are strained to the breaking point. The survey of 986 nonprofit leaders in markets nationwide captured the financial state and challenges facing these organizations.
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