The economy and faith-based nonprofits
- Allie Martin - OneNewsNow.com
- Jul 13, 2009
A new survey shows that while the sluggish economy has had a major impact on Christian nonprofits, people in those organizations are keeping the faith.
The survey was conducted in April by Illinois-based J. David Schmidt & Associates for the Christian Leadership Alliance. Among the findings, compared to one year ago, 73 percent of nonprofits with investments said their portfolios and endowments are down, and 51 percent said cash reserves have diminished.
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