Economic Recovery Slow for US Nonprofits

By: AP Email
By: AP Email

Seattle, WA - December 18, 2011

Researchers who keep an eye on the charitable world say the economic recovery hasn't made it to nonprofit organizations. As the first signs of a recovery make the news, many of the nation's nonprofit organizations are digging in for another three to four years of financial distress.

The Nonprofit Research Collaborative says some larger nonprofits are seeing donations start to rise again, but most report their income is holding steady at lower, post-recession levels or is still going down.

The collaborative found 59 percent of nonprofits report their donation income is flat or lower than in 2010, which was another down year for most charities. Among those that receive some government dollars, more than half are reporting a decline in income for the year.

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