Welcome to Charity Navigator's Blog!

The team from Charity Navigator, the nation's largest independent charity evaluator and leading donor advocate, shares their thoughts on emerging nonprofit-sector issues and offers tips to better inform your intelligent giving decisions.

Return to Main Site   |   Find a Charity   |   Receive Email Updates   |   Support Charity Navigator

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.

As a 501 (c) (3) organization itself, Charity Navigator depends on public support to help donors make informed choices. Please consider investing in the future of Charity Navigator by making a donation today.  Donate now >>

No comments: