Management Consulting Services -“A Snapshot of the Effect of the Economic Downturn on Nonprofits”

Management Consulting Services, based in Boston, MA, has recently published a report outlining findings of a study asking representatives of many Massachusetts-based nonprofits about the specific impacts of the current economic crisis on their work.  Entitled “A Snapshot of the Effect of the Economic Downturn on Nonprofits”, the report is intended to use data, as opposed to anecdotes, to discuss the effects of the crisis.  Some of the reports findings include: smaller organizations anticipate feeling more effects of the crisis than larger nonprofits, organizations have seen and anticipate continuing to see a decrease in revenue alongside an increase in demand for services, and organizations will focus on cost-cutting (especially in the area of staff costs) and increasing their donor base among individual donors as primary strategies for weathering the crisis.  View the full report and other MCS publications at http://www.managementconsultingservices.org/research.