NAM Pulse Poll Shows Significant Impact of COVID-19 on Nonprofit Organizations
The Nonprofit Association of the Midlands (NAM, nonprofitam.org) recently completed its third Nonprofit Pulse Poll of nonprofit leaders to better understand the impact of COVID-19 on the nonprofit community, and key findings show that the pandemic is already have a significant and alarming financial and programmatic impact on most nonprofits in a time when demand for their services is heightened. Conducted October 1-12, the third poll collected responses from 248 nonprofit organizations and asked them to estimate the current and anticipated level of COVID-19’s impact on their services, programs and operations. The poll concluded that the pandemic has made the mission of nonprofits more challenging due to the following economic, health, and social fallout from the need to contain the virus:
- 75% of nonprofits report budgetary implications related to strains on the economy, and the combined 248 respondents said they anticipate losing a combined total of $54 million in revenue, up $42 million from their estimates in April.
- While demand for nonprofit services is increasing, nonprofits may be restricted in their ability to respond due to the immediate need for supplies, staffing, volunteers, and resources from government, philanthropic, and business entities.
- 71% of nonprofits have canceled or postponed events. With very limited reserves, many nonprofits rely on earned income and fundraising events to sustain their missions.
- 35% of organizations believe the effects of the pandemic on the financial conditions of their organizations are moderate but will need additional financial supports to overcome difficulties.
The Nonprofit Association of the Midlands is a state association that represents more than 600 nonprofit organizations in Nebraska and Southwest Iowa. They strengthen the collective voice, leadership, and capacity of nonprofits to enrich the quality of community life. For more information, visit nonprofitam.org or call (402) 895-2552.