In another saddening story of tough economic times impacting the non-profit sector, National Public Radio (NPR) has announced it will be making cutbacks due to a $23-million dollar budget shortfall. According to an article in the Washington Post, NPR is laying off about 7% of its workforce and eliminating two programs, “Day to Day” and “News & Notes.”
We’ve been watching closely as the changing economy has forced arts organizations to file for bankruptcy and food pantries have seen unprecedented demands for their services. The news from NPR is yet another face of the financial crisis – demonstrating that many organizations are now unable to provide the same services they did in fairer economic weather. Our ratings show that NPR’s primary revenue dropped from $162 million in 2004 to $133 million in 2006, but they have consistently earned three stars in our efficiency category. Even charities that are operating efficiently aren’t immune to the pressures of the current economy, and while they may not disappear completely, some of their programs might. As our President notes, it is an important time to give what you can. You can be sure your charity, and the many lives that it impacts, will be thankful for every penny.