Showing posts with label New Jersey. Show all posts
Showing posts with label New Jersey. Show all posts

Wednesday, June 3, 2009

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.