Economy Pinches Non-Profits
Salvation Army bell ringers are typically synonymous with the winter holiday season. But with the struggling economy hitting non-profits hard, the red kettles are coming out for a summertime drive, in San Antonio, Texas at least.
The unprecedented move is a reflection of just how bad non-profits — including those benefiting people with disabilities — are hurting.
Spina Bifida Texas, for example, has raised just one third the amount the group did last year. And, things are so bad that the group even canceled a planned golf fundraiser fearing that they would lose money on the event.
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They’re not alone. Surveys and anecdotal evidence indicate that many people are scaling back their giving in these uncertain times forcing non-profits to lay off staff, halt expansion plans and develop new ways to obtain funds, reports the San Antonio Express-News. To read more click here.