Wednesday, January 5, 2011

Deficit Spending

According to The Minnesota Nonprofit Economy Report, almost half of our nonprofits were deficit spending in 2009. That percentage (48%) is up from 34% in 2007. During the same period revenue had fallen slightly and assets declined by an average of two percent. Those factors may negatively impact the financial health of the sector. The full report, from Minnesota Council on Nonprofits, is available at In addition to data on finances, wages, statewide as well as by region, are reported and reviewed. This is an annual report.

Myrna Meadows, NRS, International Falls

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