Tuesday, January 20, 2004

Charities Raised More Money in '03, but Costs Grew Even Faster:
"While 64 percent of the 236 organizations across the country that responded reported more income, 66 percent said they had higher costs for health and liability insurance as well as for wages and salaries and other expenses."

More than half of the respondents reported being in "severe" or "very severe" financial stress.

"The nonprofit sector has been successful in coping, reducing its costs at the same time it has increased its service offerings, but it is under incredible pressure from things it cannot control," said Lester M. Salamon, director of the Center for Civil Society Studies at Johns Hopkins University, which conducted the survey as part of a new partnership with seven umbrella groups for nonprofit organizations.

The partnership, the Listening Post Project, has enlisted more than 500 nonprofit organizations working in five service areas — children and family services, elderly services, community development, museums and theaters — that have agreed to participate in Internet-based surveys about trends that affect them.

http://www.nytimes.com/2004/01/19/national/19CHAR.html

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