September 19, 2010

The Nonprofit World’s Finances Are Not as Bleak as a New Study Suggests

To the Editor:

In its new report on the effect of the economic recession, GuideStar paints a bleak and unrelieved picture of “bleeding” and widespread “pain” among the nation’s nonprofit organizations. (The Chronicle noted the study in its article “In Second Quarter of 2010, Big Charities Struggle to Build on Recovery,” September 9.)

While there is