When times are tough, families often turn to nonprofit agencies for help. But up to one-third of the nonprofits in the Hartford region say the recession is putting such a squeeze on them that they worry it will force them to shut their doors in the coming year.
In a survey by the United Way of Central and Northeastern Connecticut, one in three executives for nonprofits operating in the chapter's 40-town service area said they were either “concerned” or “very concerned” that they might close in the coming year, according to the Hartford Business Journal.As the Journal puts it, the recession has dealt nonprofits "a double whammy": Demand for their services has soared, but funding from corporations, the government, and individuals is down. Two out of three survey respondents said their agencies will be affected by government budget cuts next year.
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