Valerie Leonard
The Donors Forum of Chicago surveyed their nonprofit partners in 2010 and found that
• 71% of organizations reported budget decreases in 2009
• 63% had only 3 months or less of cash reserves on hand; only 11% had more than 12 months cash reserves
• 44% of nonprofits reported reductions in their number of full-time paid staff compared to 19% in 2008.
• 41% reported decreased ability to meet service demands due to reduced funding and increased need. This was up from 22% in 2008.
• 68% reported reduced foundation giving
• 63% reported decreases in corporate sponsorships
• 62% reported declines in government funding, which led to cash flow problems. Of this amount, more than half reportedly experienced delayed payments from the State of Illinois.
