How has the pandemic been affecting Michigan’s nonprofits, financially speaking?
Well, perhaps not surprisingly, the answer’s complicated.
“The funding landscape for this year has been as diverse as the nonprofit sector itself,” said Donna Murray-Brown, President and CEO of the Michigan Nonprofit Association.
This is to say, the kind of fiscal year you’re having as a nonprofit largely depends on both the services you offer and the nature of your funding distribution.
“For organizations that were able to make a strong case to their donors that they are addressing the health, social and economic challenges of COVID-19, philanthropy has continued to be very strong,” said Steve Ragan, Executive Vice President at Hope Network, a Michigan nonprofit that provides services to people with disabilities. “In fact, it has often been earned revenue, not philanthropy, that has been hit hardest. This is especially true for hospitals, universities, arts & culture nonprofits.”
This is because, of course, these organizations haven’t been able to offer the same level of care, in-person instruction, and cultural programming that usually provides a sizable part of their revenue.
“For those that depend on fees generated from in-person engagement, … the funding landscape has been devastating,” said Murray-Brown. “ … Some had relief from the PPP (Paycheck Protection Program), yet the funds have been expended, and they are feeling the stress because they need more resources.” READ THE REST HERE