Finances Challenging Connecticut Nonprofits

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The Nonprofit Finance Fund’s 2012 State of the Nonprofit Sector Survey reveals Connecticut nonprofits continue to face increased demand for services and decreased funding, with 29% of the 158 respondents closing the 2011 fiscal year with an operating deficit. According to the  Survey, in Connecticut alone:

  • 84% of nonprofits anticipate an increased demand for services in 2012, yet only 45% of nonprofits expect to be able to fully meet the demand
  • Nearly one-third (29%) of nonprofits surveyed ended the 2011 fiscal year with an operating deficit
  • 47% of Connecticut nonprofits that receive federal funding report receiving late payments from the government
  • 70% of the nonprofits in Connecticut that receive funding from State or local government report receiving late payments