May 31, 2007

Rising Costs Put Pressure on Charity Budgets

By Peter Panepento

Steep cost increases and waning government support are squeezing nonprofit groups to the point that about one-third of all organizations are expecting severe financial stress during the next year, according to a new report by the Johns Hopkins University's Center for Civil Society Studies.

But although those forces are putting many charities under substantial economic pressure, the financial health of the nonprofit world is stronger than it was three years ago, as many donors are

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