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Charity organizations across the country are feeling thefinancial and housing crisis harder than anyone else. Thousands of charitiesare being forced to shut down, and with the economy continuing in its downwardspiral, its clear that nonprofit organizations will continue to suffer. Withnonprofits relying on charity donations for their sole income, its clear thatmany more will be in trouble as charity donations continue to decline. Lets look at the facts: There are hundreds of millions of active nonprofitorganizations in the United States. Combined, these nonprofits bring in over$1.9 trillion in revenue each year. Obviously, some charities take in more ofthat $1.9 trillion than others, but simply put, they each get their share. Since the economy began to drop and the housing crisissurfaced, charity donations have dropped each year by billions of dollars. The$1.9 trillion that nonprofits receive each year is declining, making eachorganizations piece of that revenue smaller. The third, and most disappointing fact to look at is thatover one million organizations claim nonprofit status each year. This is greatthat many organizations are willing to help support their communities, butdisappointing because so many new organizations are joining an industry thatcontinues to lose money each year. This is an obvious problem because nonprofitorganizations are either forced to fail, or take an ever lesser amount ofannual revenue. Its clear by looking at the facts that many nonprofitorganizations will be forced to shut down, eliminating their support for thecommunity and their employees. Another important fact to look at is that over 10% of theAmerican work force is employed by the nonprofit sector. This is an obviousproblem because many nonprofits will be forced to shut down and lay offworkers, causing a potential unemployment problem across the country. Its clear that many charities will be losing their valuabledonations and need to start looking for a new way to support themselves otherthan the typical bake sale
Charity,Donations,Many,Chariti