Nonprofits shifting money model in tough economy � Philanthropy North Carolina: Faced with continuing financial stress in the wake the recession, nonprofits plan to rework their strategies for raising and spending money, a new survey says.
Among 5,983 nonprofits responding to the 2013 State of the Nonprofit Sector Survey from the Nonprofit Finance Fund, 42 percent say they lack the right mix of financial resources to thrive and be effective in the next three years, and one in four has 30 days or less cash on hand.
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