Financial Safety Net of Nonprofit Organizations Is Fraying, Survey Finds - NYTimes.com

Financial Safety Net of Nonprofit Organizations Is Fraying, Survey Finds - NYTimes.com: "The financial health of the nation’s nonprofit groups is rapidly deteriorating, according to a survey of some 900 nonprofit leaders around the country.

Only 12 percent of those organizations expect to end the year with an operating surplus, compared with 40 percent who ended their most recent fiscal years with money on hand, according to the survey by the Nonprofit Finance Fund, a charity that provides loans and other financial services to nonprofit groups.
Almost a third said they did not have enough cash on hand to cover more than one month’s expenses, while roughly another third said they only had enough money to get them through the next three months."