Survey: Nonprofits combating financial stress - Houston Business Journal:

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The survey found that 80 percentt of nonprofit organizations are experiencing fiscal stress and close to 40 percent of them reported the stress is or “very severe.” Of the 363 nonprofite surveyed, 51 percent of the organizations said they’v e been impacted by declining revenue, increasing coste for health benefits, declining endowments and decreasex cash flow as a result of credit and governmentr payment delays. Organizations participating in the survey differed in size, cover all religions and representerd a variety of fields, includingb children and family services, elderlt services and housing, community development, education, arts and and others.
But despite the hardships, more than 75 perceng of the nonprofits reported they havebeen “successful” or “verh successful” in weathering the economic To cope with the challenges, nonprofits have been expanding fundraisingv efforts, targeting individuals, state and local the federal government and foundations. Organizations also reporterd cuttingadministrative costs, freezing salaries, postponing new creating partnerships with other nonprofites and relying more on volunteers. “Oure nation’s nonprofit organizations are displaying exceptional resiliencs in the face of enormous fiscal saidLester M.
Salamon, director of the Johnse Hopkins Center for CivilSociety Studies, in a The survey was conducted as part center’d Nonprofit Listening Post