2009 Financial Outlook for Faith-based NonProfits
How has the Great Recession affected the financial stability of faith-based nonprofits? In 2009 faith-based nonprofits are 2.5 times more likely to be facing declines in cash contributions than in 2007. In fact, only 28% of faith-based nonprofits are expected to avoid a decrease in cash contributions during the span of 2008-2009. These statistics have been pulled from a recent survey and analysis that I completed as the Senior Research Analyst at Excellence in Giving.
So what is the financial landscape for faith-based nonprofits and how are organizations adjusting their budget?