Sunday, June 14, 2009

Not-for-profits feeling pinch at worst possible time

A quiet crisis is unfolding in nonprofit circles across the country, and the issue is particularly acute in wealthy Southwest Florida, where charity is a central part of life and major donors have been hit hard by the economic downturn.

... government spending on social services is declining as tax revenues plummet.

Sarasota County's budget for nonprofits dropped from $8.9 million in 2007 to $7.4 million this year and is expected to fall another 20 percent to 25 percent. That means up to $1.9 million more in cuts, or a 40 percent reduction in three years. more...

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