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May 29, 2009, 02:26 PM ET
One Third of Bay Area Nonprofit Groups Fear Closure Within the Year
One-third of San Francisco-area nonprofit groups are worried they may have to shut down in the next year, and 34 percent say they have no more than two months’ worth of operating funds in reserve, according to a survey by the regional United Way.
Nearly two-thirds of the 391 respondents to the organization’s 2009 Nonprofit Pulse Survey said demand for their services was increasing. Twenty-three percent have had to reduce services, while 26 percent said they have collaborated in the past six months with another charity.
Anne Wilson, head of the Bay Area United Way, said the increasing collaboration and partnership among groups “might be the one positive emerging from these lean times.”
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