CharityVillage ® Research: Balancing act: How to keep costs steady when funding isn’t: "Balancing act: How to keep costs steady when funding isn’t
Bob McMahon By Bob McMahon, CA
February 23, 2009
The world certainly feels topsy-turvy right now. Each day seems to bring new challenges to the economy...and new financial challenges for nonprofits. Your donations may be diminishing. Government funding may be declining. Membership may be falling. Sales may be receding. Any of these developments can challenge the financial stability of a nonprofit. Even organizations with healthy reserves are likely impacted by the turmoil in the financial markets, with investments taking a punch."
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