Utah lost more than 2,100 nonprofits, charities since 2009
MICHAEL BRANDY, DESERET MORNING NEWS
Nonprofits in Utah dropped by 38 percent to 3,568 since 2009 as many are struggling to find finances for already struggling budgets, according to a study by the Community Foundation of Utah.
Four out of every five nonprofit organizations in Utah work with budgets of less than $100,000 while employing more than 5 percent of the state’s work force.
“At the beginning of the recession, corporate giving in Utah tanked,” Fraser Nelson, executive director of the Community Foundation of Utah, said in a phone interview. “There is no doubt that the worst nonprofits hit were in rural areas. Our data has showed this consistently.”
Nonprofits in rural areas struggled the most because most of their contributions came from businesses like car dealerships and local grocery stores, which cut back after the recession, Nelson said.
Beginning in 2012, 31 percent of organizations had less than 3 months of operating capital, according to the study. Forty-six percent reported they have not seen any signs of recovery.
Despite the declines, there is hope for nonprofits in Utah.
“One of the things nonprofits can do is understand how to generate revenue,” Nelson said.
Over the past three years, nonprofits, like the Head Start Program and the Road Home, have learned how to generate revenue by innovating the products and services they offer, Nelson said.
- Women innovators leading by example
- More Americans spending at least half their...
- Retiring overseas is more than a matter of money
- Mitt Romney tells UVU grads to 'live a large...
- Money doesn't necessarily equate to job...
- Historic Salt Lake building now home to...
- 19 Mother's Day gift ideas for moms with...
- Michelle Singletary: Stop picking on the poor
- Mitt Romney tells UVU grads to 'live a... 22
- More Americans spending at least half... 13
- Proposed trade legislation could boost... 5
- US factory activity improves in April,... 3
- Women innovators leading by example 3
- We finally understand what robots mean... 2
- Money doesn't necessarily equate to job... 2
- Exxon's 1Q profit falls 46 percent amid... 1