Survey: COVID-19 devastating nonprofits
Nonprofit organizations are facing unprecedented financial problems due to the COVID-19 pandemic. That’s the finding of a survey of southwest Michigan nonprofits released Friday.
The survey was conducted in April by the nonprofit collaborative group Hub One.
The agencies surveyed include everything from arts organizations to Big Brothers Big Sisters. Nearly all of them say they expect to fall short of their budgets for the year.
“COVID-19 has significantly impacted the ability of nonprofits to provide critical services to our community,” said Matt Lynn, CEO of Boys and Girls Club of Greater Kalamazoo, in a press release. “The current situation … will impact the most vulnerable in our society in ways we have not yet been able to imagine.”
The survey also found that 80% of organizations have had to cancel some services, and nearly 2/3 have cancelled fundraising activities.
You can read the full report here.
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