Though nonprofit groups are suffering from the economy, especially those in New York that have depended on Wall Street donations, these groups can adopt several tactics to protect themselves, reports City Limits Weekly.

Nonprofit consultants in New York say that charities should brainstorm about new ways of bringing in income, diversify their fund-raising sources, consider outsourcing some tasks or jobs, consider merging with other groups to help cut costs, and look for other ways to cut expenses to balance budgets, reports the newspaper.