Prepared for Deleted 5. | Delivered October 4, 2020
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To identify the number of non-profit closures globally and reasons for the same for the periods before and during the Covid outbreak.
Non-Profit Closure Statistics and Insights Pre-Covid
of charities in the US closed between 2004 and 2008 versus
in the 2008-2012 period (the aftermath of the financial crisis).
The number of registered non-profits in the US was
in 2011, and
Non-Profit Closure Statistics and Insights During Covid
According to "Rick Cohen, chief operating officer of the U.S.-based National Council of Nonprofits, local non-profits that count on
are in trouble.
of donors said they plan to be giving more carefully during the pandemic but will continue to still donate, while
said they will stop until there’s a return to economic growth, according to a survey carried out for Dunham+Company."
, a sudden withdrawal of government financing and the forced closure of stores that were sources of revenue have led to a depletion of funds."
"While individuals may not be able to donate as much as before, corporate giving has soared in the last few months and accounts for more than
of donations, according to Candid, a group that tracks global philanthropy."
The Impact of COVID-19 on Large and Mid-Sized Nonprofits
of large and mid-sized non-profits have experienced a dip in revenues.
There was a "
reduction in employment in April 2020, compared to April 2019, due to COVID-19 and the economic shutdown."
For large and mid-sized non-profits, there was a
reduction in individual giving and
in philanthropic grants during the pandemic.
"In response to the crisis, organizations reported taking the following actions (respondents could choose multiple options):
reported a reduction in services/available operations "
have furloughed employees (not working but still provide benefits) "
have closed offices "
have laid off employees "
have reduced employee pay and benefits"