NJ Nonprofits

This past winter, 351 NJ charities shared some pretty bleak financial data with The Center for Non-Profits demonstrating just how extensively the recession is impacting their fiscal health. Here are some highlights from the survey:

• 70% report that demand for their core services has increased during the past year. They anticipate this trend to continue into next year.
• 33% report that expenses exceeded support and revenue in their most recent fiscal year.
• >60% anticipate an increase in total expenses this year, but less than 1/3 expect total funding to increase.
  
• 89% reported a dramatic change in funding in 2008.
• 60% said a previous funding source had told them that future giving to their charity would be less or nonexistent.
• 29% had already or planned to cut back on their programs and services.
• 34% had or will cut staff.
• 48% are increasing their collaborative efforts.

For those who care about the philanthropic sector in NJ, we encourage you to visit our site to find a group worthy of your support (remember Charity Navigator is a NJ nonprofit). If you are a nonprofit professional and the above rings true, then we encourage you to read our President's blog entry, Advice to Charities in Hard Times, which is based on a discussion he had with nonprofit executives in NJ.