Survey: Majority Of Connecticut's Small Nonprofits In Financial Trouble This Year
Less than one-third of small nonprofits in Connecticut have been able to stave off significant financial losses during the coronavirus pandemic.
That’s according to the results of a joint survey released by the Connecticut Community Nonprofit Alliance and local community groups.
Most small nonprofits reported financial losses of over 5 percent of their operating budgets. Many were concerned they weren’t going to be able to pay employees over the next three months.
The alliance says challenges include fundraising and maintaining their level of service.
In the survey, smaller nonprofits also requested that local community groups advocate for state and federal relief and for more flexibility on how they could use grant money.