What can nonprofits expect in 2021?
BKD releases 2021 State of the Nonprofit Profit Sector report
BKD CPAs & Advisors recently released its 2021 State of the Nonprofit Sector Report. The nonprofit wellness study was created to identify how nonprofit organizations are responding and surviving amid the COVID-19 global pandemic. The findings show that a majority of nonprofits have increased their services, yet reduced staffing. The study highlights how many nonprofits are coping under added pressure, both financially and operationally. “The goal of this study is to highlight how organizations are adapting to the pandemic and what effect it’s having on their ability to provide programs and services. Its essential funders, elected officials and community leaders understand the current condition of nonprofit organizations as they consider the scale of necessary intervention,” said Senior Managing Consultant Dan Prater. The survey comprised 18 questions or scenarios, including general questions about organization location, size, area of focus and questions about the COVID-19 crisis. BKD received responses from 319 organizations between September 23 and October 23, 2020. “In the midst of the COVID-19 pandemic, nonprofits across the country have helped to propel our communities forward and respond to increasing demands. It’s our desire this report would offer leaders insights to help stabilize their organizations and continue meeting the needs of those they serve,” said National Industry Partner Tondeé Lutterman. BKD CPAs & Advisors can help nonprofits with accounting and auditing needs. Their team offers many service offerings in nonprofit consulting, strategic planning and much more. Visit BKD’s website to learn more about BKD’s nonprofit services. Download a free copy of the study, which can help nonprofits plan for what’s ahead in 2021.