Nonprofits say they are in a crisis
Summary
Nonprofit organizations across the U.S. are facing financial troubles due to cuts in federal funding and rising demand for their services. A recent survey shows many nonprofits worry about paying their bills and are seeing more people needing help.Key Facts
- Nonprofits like food banks and homeless shelters help many vulnerable people.
- Inflation is higher, and federal programs like food stamps have faced budget cuts.
- A survey of 380 nonprofit leaders found 66% worry about money stability.
- The number of nonprofits spending more than they earn rose from 22% in 2022 to 39% in 2023.
- Nearly 75% of nonprofit CEOs said more people are asking for help.
- Government grants to nonprofits add up to at least $240 billion a year.
- Most nonprofits cannot cover costs without government help.
- Some nonprofit funding cuts applied to programs supported by both major political parties.
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