Funding for many nonprofits declined over the past year, even as demand for their services increased, according to a survey released by Grassi.
Grassi, the New York-based accounting firm with a major presence in New Jersey, conducted the 2021 Nonprofit Leadership Survey to gauge current conditions and gather data to aid the sector’s recovery from COVID-19, the company said in a news release.
More than 50% of the nonprofits surveyed said demand for services increased over the past 12 months, while nearly half of respondents reported a decline in funding, Grassi said.
Seventy-one percent of the organizations surveyed implemented new technology during the same period, and 42% created new programs and services, the company said.
Members of Grassi’s nonprofit practice developed the survey’s questions, which were fielded by an independent research company, Grassi said.
A full copy of the 2021 Nonprofit Leadership Survey Report can be found at grassicpas.com.