Financial Safety Net of Nonprofit Organizations Is Fraying, Survey Finds

The financial health of the nation’s nonprofit groups is rapidly deteriorating, according to a survey of some 900 nonprofit leaders around the country.

Only 12 percent of those organizations expect to end the year with an operating surplus, compared with 40 percent who ended their most recent fiscal years with money on hand, according to the survey by the Nonprofit Finance Fund, a charity that provides loans and other financial services to nonprofit groups.

The full text of this article by Stephanie Strom is available via The New York Times, 3.25.2009.