As policymakers respond to the coronavirus pandemic and its economic effects, they shouldn’t forget about the World’s nonprofits, which are on the front lines of caring for the World’s most vulnerable populations.
In the U.S alone, nonprofits employ more than 12 million Americans and spend nearly $2 trillion a year.
“Nonprofits are on the front lines of caring for the World’s most vulnerable populations.”
According to a report from the National Council of Nonprofits, 80% of U.S. nonprofit revenue comes from fees for services and government grants or contracts, 14% from private contributions, and 6% from other sources, including investment income.
All these sources of money are in danger from the closing of facilities, cancellation of fundraising events, and decline in the stock market.