The Christian Leadership Alliance (CLA) recently released the helpful results of a national "Economic Outlook Survey" of Christian nonprofit organizations. The survey was conducted in April 2009 by J. David Schmidt and Associates.
"The national survey that CLA released today provides insight into the impact that the current economy is having on nonprofit organizations, particularly faith-based nonprofits," said Frank Lofaro, CLA president and CEO. "For many Christian nonprofit organizations the economy has had a major impact. In fact, compared to one year ago, some 73 percent of nonprofits with investments said their portfolios and endowments are down, and some 51 percent said that reserves have diminished."
Read the whole article at RNS.
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