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seeking solutions for their revenue problems
even before the World Trade Center (WTC)
attack and current recession. In the past two
years, 55% had applied for government pro-grams
that had not funded them in the past
and 84% turned to new sources in the founda-tion
and corporate donor community. Almost 29% of organizations reported greater reliance on fees or user charges (especially in the education sector) and on the sale of goods (particularly among arts organizations). Almost 20% of nonprofits initiated joint ven-tures with other nonprofit organizations. Only 5% of all nonprofits set up a for-profit subsidiary or embarked on a joint venture with for-profit organizations. Revenue concerns have led more than 40% of nonprofits to increase their reliance on the use of part-time employees and volunteers. |
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