Monday, May 02, 2005

Hispanic Business - Giving Pause

Hispanic Business - Giving Pause: "Giving Pause
May 2005, HISPANIC BUSINESS Magazine
Joel Russell
There's a little less charity in the Hispanic nonprofit sector these days. Competition for a diminishing pool of grant dollars led to a 3 percent decrease in expenditures among the Hispanic Business Top 25 Nonprofits in 2004, the first decline in the five-year history of the directory. In response to this trend, organizations have streamlined operations and restructured just like for-profit businesses.

'The last two or three years have been very challenging,' says Edmundo Hidalgo, COO of Arizona-based Chicanos Por La Causa (CPLC), the number 4 organization on the list which reported a 43.3 percent decrease in expenditures last year. 'For a while we thought the economy showed signs of improvement, but right after this past election we started to have concerns about the large national deficit and its effect on these types of programs.' "

No comments: