The Chronicle: 10/14/2004: D.C.-Area Charities Face Hard Times: "D.C.-Area Charities Face Hard Times
By Sharnell Bryan
Human-services charities in the Washington metropolitan area have been laying off staff members and cutting services because of hard economic times, a new study has found.
The report on the study, which analyzed the finances of 124 charities, says that many of the groups faced increased demand for their services and rising costs from 1998 to 2002 but their revenue didn't grow nearly as fast. Beyond the cutbacks, charity officials said they were seeking new sources of revenue and dipping into their financial reserves."
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