A slim majority of Arizona nonprofits say it’s highly unlikely they’d have to close permanently during the next fiscal year if their financial situations do not improve in 2021. But more than 60% of those organizations say without some kind of financial assistance, they’ll see net operating losses of up to 50%.
Those are among the findings of a new survey done by the Alliance of Arizona Nonprofits.
This follows another survey done in March by the group, in which nonprofits reported nearly $30 million of lost revenue at that point.