• Posts
  • The Impact of COVID-19 on Nonprofits

The Impact of COVID-19 on Nonprofits

The Independent Sector released the following results of a survey on the impact of COVID-19 on large- and mid-sized nonprofit organizations. Overall, the survey revealed clear evidence of a decline in revenue and individual giving, forcing nonprofits to limit needed services and layoff, furlough, or reduce pay and benefits for their employees.

A total of 110 nonprofits responded to the survey. Sixty-two percent of the respondents were organizations identifying as “human services” organizations. What’s more, the respondent organizations represent more than 152,000 employees and nearly $9.1 billion in contributions and revenue, as calculated before the coronavirus pandemic and the economic shutdown. For more information, visit independentsector.org.

Related Posts

NorthBay biz

Get NorthBay biz delivered straight to your home or office.