Many U.S. nonprofit organizations can only look on in dismay as the economic recovery passes them by.
On Monday, the Nonprofit Finance Fund reported that many charitable groups faced daunting financial situations and were looking at new ways to secure their future for the benefit of those they serve.
In a survey of some 5,000 nonprofits nationwide, Nonprofit Finance Fund found that 80% of respondents had experienced an increased demand for services, the sixth consecutive year for increased demand.
In addition, 56% were unable to meet demand in 2013 — the highest reported in the survey’s history — and only 11% expected 2014 to be easier than 2013 for the people they serve.
“Americans rely on nonprofits for food, shelter, education, health care and other necessities, and everyone has a stake in strengthening this social infrastructure,” Nonprofit Finance Fund CEO Antony Bugg-Levine said in a statement.
“The struggles nonprofits face are not the short-term result of an economic cycle; they are the results of fundamental flaws in the way we finance social good.”
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