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Wednesday, March 31, 2010

NJ Charities Say 2009 Was Hard And They Remain Uncertain About 2010

In February, the Center for Non-Profits conducted an online survey to see how NJ's charities were fairing as the recession lingers. Here's a summary of the results.
  • Nearly two-thirds (64%) of responding organizations reported that demand for services had increased during the past year, and even more (74%) expected demand to continue to rise in 2010.
  • Forty-five percent reported that total funding had declined in 2009, and 43% reported that expenses exceeded support and revenue during the most recently completed fiscal year.
  • Forty-three percent of respondents reported that they had already frozen or cut salaries when the survey was taken, and 19% had implemented some reduction of staff hours. Nearly one-third (31%) had cut staff, and an additional 17% said that they might do so before the end of 2010.
  • Despite these cost-cutting measures, nearly 60% of respondents expected their total expenses to rise in 2010. At the same time, only 38% expected their total 2010 funding to increase, while 35% anticipated a drop in total funding.
You can read the complete report online.

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