March 21, 2010
Nonprofit Groups Expect Financial Woes to Continue Even as Need for Services Grows
Nonprofit groups are still reeling from the economic downturn—and for many of them 2010 will be even tougher than 2009, a survey to be released this week finds.
Half of the groups surveyed expect their financial outlook to worsen this year, only 18 percent expect to end the year with a surplus (compared with 35 percent in 2009), and less than half believe they will be able to meet a growing need for services.
The survey of more than 1,300 charity leaders, conducted by
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