State of Nonprofits 2023: What Funders Need to Know

State of Nonprofits 2023: What Funders Need to Know A Report of CEP's Nonprofit Voice Project Nonprofits across the United States played a vital role during a period of crisis that began in March 2020 with the COVID-19 pandemic and was followed by a nationwide racial justice reckoning that summer. Many organizations experienced unprecedentedly high demand for their services coupled with marked uncertainty about revenues, raising the specter of closures and the resulting rippling effects on people and communities. Fortunately, stepped-up funding via the federal government’s Paycheck Protection Program (PPP), as well as philanthropic giving, especially from foundations—coupled with tremendous resiliency and imagination on the part of many nonprofits— mitigated the worst fears. As we reported in 2021, nonprofits fared “better through 2020 than their leaders had originally anticipated.” Report.

Author: Phil Buchanan, Lauren Broder, Ph.D., and Christina Im , The Center for Effective Philanthropy