Nonprofit Finance Fund
Welcome to Research Friday! As part of a continuing series,we invite a nonprofit scholar, student, or professional to highlight current research reports or studies and discuss how they can inform and improve day-to-day nonprofit practice.
Conducted in January and February 2013, Nonprofit Finance Fund’s 2013 State of the Sector survey assessed the financial and management challenges facing 5,983 organizations across the country. As income disparity continues to grow, many nonprofits are struggling to meet overwhelming community need amid the stark realities of funding cuts. Many are recognizing that this dynamic may be here to stay.
When NFF began this survey in 2009, many of our clients were in “triage” mode: they were dealing with mission and finance-related emergencies, relying on short-term coping strategies—like reserve depletion and staff furloughs—to make ends meet until the financial crisis was over. Five years later, temporary stimulus funding has come and gone, replaced instead by ongoing cuts to government funding. Organizations reliant on government funding continue to experience a “death by a thousand cuts,” says NFF client Sharon Stapel, Executive Director of the New York City Anti-Violence Project. “In isolation, the cuts may seem small,” says Stapel, “but over time, they speak to a larger, more serious trend that will have an impact on the health, happiness, and safety of our communities.”