Monday, January 19, 2009

Churches Feeling Effects From Economic Downturn

Reductions in Giving Include Non-Profits

Tens of millions of Americans have already suffered substantial financial losses in the wake of the sub-prime mortgage crisis and subsequent financial challenges. A new survey from The Barna Group shows that more than 150 million adults said they have been affected by the economic turbulence, and most of them expect it to take several years before the nation fully recovers. Americans are now passing on their financial pain to churches and other non-profit organizations by cutting back substantially on their giving during the fourth quarter of 2008. Those reductions - occurring during the most important quarter of the year for donor-driven organizations - will cripple thousands of smaller and less stable donor-supported organizations.
Read Article...

free hit counters