PricewaterhouseCoopers, the Fundraising Institute Australia and the Centre for Social Impact have just released ‘Managing in a Downturn’, the report of a survey into the impact of the global financial crisis on Australian not-for-profit organisations. The survey was conducted in April and May 2009 and draws upon a similar survey conducted in the UK last year (reported previously). It focuses on the impact of the downturn in the past six months and the anticipated future impact over the next year.
Among the highlighted findings are that three-fifths of survey respondents reported a decrease in their income over the past six months, and almost one third had experienced a drop of more than 10%. Two-thirds of respondents expected a further drop over the next year. In response to their deteriorating economic expectations, a third of respondents had already implemented some cost reductions and more expect to do so in future. Smaller organisations are suffering more than larger ones, which tend to have larger cash reserves.
The full report is available for download from the Centre for Social Impact website.
Jul. 23, 2009
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