Recession's Impact On Christian Organizations
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November 25, 2009 New Survey - "The Recession's Impact on Christian Nonprofit Organizations" How are Christian nonprofits surviving the economic downturn? A recent survey conducted by J. David Schmidt & Associates for the Christian Leadership Alliance discovered the main ways Christian nonprofits are reducing expenses and handling the economy’s impact. Below are the results of “Economic Outlook Survey: The Recession’s Impact on Christian Nonprofit Organizations.”
Reducing travel – 52% Freezing pay raises – 44% Freezing hiring – 36% Cutting overall 2009 budget – 43% Reducing or eliminating training expenses for 2009 – 29% Reducing full-time staff – 28% Freezing infrastructure expenses – 28% Delaying or eliminating outside counsel/consulting expenses – 27%
Portfolios and endowments reported down from last year – 73% of organizations Diminishing reserves reported – 51% of organizations Declining donations reported – 48% of organizations Have less available cash – 40% of organizations
Annual budget under $1 million – 22% of organizations Annual budget of $1-10 million – 52% of organizations Annual budget of $30+ million – 9% of organizations The Christian nonprofits affected most by the economy where those with annual budgets under $1 million.
High impact – 21% In between low and high impact – 48% Low impact – 31%
However, despite the poor economy, three-quarters of the respondents remain confident and hopeful, stating that belief in God’s faithfulness helps them through difficult times. “If there was one theme that kept coming through in respondent comments, it is that Christian charity and church leaders have a strong sense of a larger story. They seem less rattled and remain confident in God’s provision and care, despite being stress-tested by their circumstances,” said David Schmidt, whose agency conducted the survey.
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Posted 11/25/2009 in Stephen Gray | 0 Comments - Add Comment |