State of the Nonprofit Sector Survey: The Nonprofit Finance Fund

  
  
  

Nonprofit Finance Fund Releases "State of the Nonprofit Sector" Survey Results Nonprofits Striving for Long Term Financial Survival The Nonprofit Finance Fund's sixth annual State of the Nonprofit Sector Report depicts a National Nonprofit sector struggling to meet a heightening demand for services, while at the same time deal with increasing revenue cuts. The results reflect ongoing issues, such as continuing gaps and inconsistencies of funding streams to New York State Nonprofits, which drastically decrease the likelihood of long term financial survival for the State's sector. The survey had a total of 5,019 respondents, with a representative number 462 nonprofit organizations from New York State. For specific data on New York State please click here. Some of the highlights from the Survey comparing New York State and the National Survey results can be found below: NYS matched the National number of 80% of respondents reporting a slight or significant increase in the demand for services.  50% of NYS Nonprofits, compared to the 56% Nationally, were unable to meet demand in 2013- the highest reported in the survey's history. 31% of NYS Nonprofits, compared to 28% Nationally, ended FY2013 with an operating deficit See below for specific New York State data results:   When government contracting payments are late 38% of Nonprofits stated they use reserves while 26% rely on a loan, line of credit, or some other type of debt.   Between 40-45% of Nonprofits stated that their Federal, State, or Local funding had declined.      23% of Nonprofits reported that the Average Indirect Rate paid by the state is 0-3%  50% of Nonprofits reported that NYS contracts are 30 to over 90 days late on payment.   Top barrier reported in measuring impact was not enough staff and time  NYCON will continue to update our members on the latest trends and research on our State's Nonprofit Sector.  Let us know how these trends resonate with your organization, email Amber Vanderwarker, Policy & Program Associate at NYON.