Non Profits and Covid
On June 15th, 2020 the Independent Sector released results surveying the impact Covid had on large to midsize non-profit organizations. According to the survey, there is obvious proof of a decline in revenue and individual giving. Covid and the economic shutdown has resulted in non-profits like other businesses being forced to limit needed services, have layoffs and or furlough days or reduce pay and benefits for their employees. 110 organizations that participated in the survey. These represent 152,000 employees and nearly 9.1 billion in contributions and revenue, pre-Covid. 83% reported a decline in revenues, including revenue earned from events or other activities. As well as a reduction in individual giving and grants. 71% reported a reduction in services and available operations, with 47% reported having a decline in employment and having to either lay off or furlough their employees.
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