Many New York City nonprofits are in poor financial health, a report by Oliver Wyman, SeaChange Capital Partners, and GuideStar finds.
Based on data for FY 2009-2013, Risk Management for Nonprofits reveals that as of FY 2013:
- Some 10 percent of New York nonprofits were insolvent. That number rose to 18 percent for health and human services providers.
- As many as 40 percent had no cash reserves.
- More than 40 percent had lost money over the previous three years.
Download your free copy to learn more about New York nonprofits' financial health and what they can do to improve it.
Publication date: March 2016