Friday, February 20, 2009
US Nonprofits Prepare for a Long Recession
TCG has released their "Taking Your Fiscal Pulse: January 2009" survey. "It highlights fiscal data from members during the period of fall 2008-winter 2009, as well as budget projections and re-projections for participants’ fiscal year end." It surveyed 210 member theaters and found that more than half of them expect year-end deficits and "cash flow problems". 69% of theaters said they are freezing or reducing saleries and almost half will reduce administrative staff. Click here for the full survey results.