Nonprofit organizations across BC are at risk. 15-19% of nonprofits face closure and 23% feel they may not last more than 6 months. Arts organizations, sports and recreation groups, environmental organizations and social service agencies may disappear in the next few months, says a report from Vantage Point and the Victoria and Vancouver Foundations. In a survey completed by over 1000 nonprofits across the province, it is clear that up to 20% of the sector may not survive the COVID-19 pandemic.
Some of the key findings include:
- 74% of nonprofits have experienced a decrease in funding
- 68% have struggled to manage working from home
- 95% report higher stress levels because of COVID
“The bottom line of this report is that many charities and frontline agencies in BC are at risk and the people and communities they serve are going to fall through the cracks if we don’t rally together to act” says Kevin McCort, CEO of Vancouver Foundation. “Our economy will not recover without the vital services nonprofit organizations provide every day. We all depend on this sector doing its part to get BC back on its feet.”
Read the full report and the Vantage Point blog post, and sign up for a free webinar on May 20 to explore the report’s findings.
