BRIDGESPAN SURVEY DETAILS THE RECESSION'S IMPACT
Submitted by Tommer on June 30, 2009
The Bridgespan Group release an update on the November 2008 study of non-profit organizations in the recession:
Responses of nearly 100 nonprofit leaders participating in a Bridgespan longitudinal study show nonprofits are turning to much tougher measures than foreseen six months ago to cope with the economic downturn. The percentage of nonprofits that have resorted to layoffs has increased, as has the percentage that has made broad-based programmatic reductions. More organizations have drawn down their reserves. Nonprofit leaders appear to be optimistic about the future, though: Almost half of the respondents reported that they believe their organization will be on stronger financial footing in a year’s time.