Close Search
 
MEDIA, JOBS & RESOURCES for the COMMON GOOD
News  |  General

American NFPs Brace for Tough 2010


25 March 2010 at 3:43 pm
Staff Reporter
In the US, where the Global Financial Crisis has hit much harder than in Australia, Not for Profits are bracing for a tough 2010.

Staff Reporter | 25 March 2010 at 3:43 pm


0 Comments


 Print
American NFPs Brace for Tough 2010
25 March 2010 at 3:43 pm

American Not for Profits expect that 2010 will be financially more difficult or as difficult as 2009 on the heels of the GFC, according to a survey released by the social sector finance company, Nonprofit Finance Fund (NFF).

The survey of more than 1,300 Not for Profit leaders across the US also found strong evidence of the dramatic and creative steps that organisations are taking in order to maintain – and even expand – service delivery to meet increased demand during a time of continued economic uncertainty.

Key findings include:

  • Nearly 90% expect 2010 to be as difficult or more difficult than 2009; only 12% expect 2010 to be financially easier for their organisations.
  • 80% of NFPs anticipate an increase in demand for services in 2010; 49% expect to be able to fully meet this demand level.
  • Only 18% of organisations expect to end 2010 above break-even; 35% of organisations ended 2009 with an operating surplus.
  • The majority – 61% – have less than three months of cash available; 12% have none.

President and CEO of NFF, Clara Miller says she expects 2010 to be another treacherous year for many Not for Profits that routinely take heroic measures to meet demand for services.

Miller says the economic ‘recovery’ has not yet reached people in need, or the organisations that serve them and more must be done to repair the tattered social safety net.

For " lifeline" organisations that provide critical services to people in need:

  • 68% expect 2010 to be financially more difficult than 2009 for the people they serve.
  • 64% do not expect to be able to keep up with demand for lifeline services in 2010.
  • 56% expect 2010 to be financially more difficult than 2009 for their organisations.
  • 39% are planning to add or expand programs in 2010; 26% anticipate reducing programs.

The study found that US No for Profits are taking significant steps to ensure service delivery.

In the past 12 months: :

  • 52% have collaborated with another organisation to provide programs.
  • 43% added or expanded programs.
  • 18% expanded geographies served.
  • 60% engaged more closely with their board through more reporting and increased communication.
  • 39% relied more on volunteers.

To download the report go to www.nonprofitfinancefund.org/details.php?autoID=199
 



PB Careers
Get your biweekly dose of news, opinion and analysis to keep you up to date with what’s happening and why it matters for you, sent every Tuesday and Thursday morning.

Got a story to share?

Got a news tip or article idea for Pro Bono News? Or perhaps you would like to write an article and join a growing community of sector leaders sharing their thoughts and analysis with Pro Bono News readers? Get in touch at news@probonoaustralia.com.au or download our contributor guidelines.

Tags : America,

 Print

Get more stories like this

FREE SOCIAL
SECTOR NEWS

Your email address will not be published. Required fields are marked *



YOU MAY ALSO LIKE

Meet Pro Bono News’ first editorial advisory board

Wendy Williams

Thursday, 16th April 2020 at 8:02 am

Unpaid Carers Facing Significant Economic Disadvantage

Luke Michael

Tuesday, 21st August 2018 at 3:45 pm

NFPs Driving WA Economy, Report Says

Wendy Williams

Wednesday, 15th February 2017 at 4:20 pm

Study into the Effect of the NDIS on Carers

Lina Caneva

Wednesday, 25th January 2017 at 9:26 am

pba inverse logo
Subscribe Twitter Facebook
×