Economic Impact on Nonprofits

In a nationwide survey of over 1,300 member organizations, the Evangelical Council for Financial Accountability (ECFA) reported that a majority of respondents had better than expected financial results for the fourth quarter of 2008. Over 330 churches and nonprofit organizations responded to the survey, and 72% said that they met, exceeded or came within 10% of their fundraising goals. Only 28% reported that they were more than 10% below their goals. When asked what steps were taken to address the economic downturn, 53% said they increased one-on-one contact with key donors, and over 30% reported changing their message to donors and emphasizing how the organization is dealing with the changing economy. Cutting expenses was also a popular theme, with over half cutting travel and conference budgets, delaying hiring or freezing salaries. To view the survey results in their entirety, visit www.ecfa.org and link to the economic impact survey.