Lack of money hampers expansion, study finds

lackofmoney

By Nicole Wallace, senior writer, The Chronicle of Philanthropy

Nonprofit organizations that want to spread their programs are having a hard time raising the money to expand, according to a new report.

The report is based on a survey of 436 nonprofit leaders, 325 of whom said their organizations were in the process of expanding. Yet only 24 percent of those groups have started fundraising campaigns to finance their planned growth, and those that have are raising an average of only 17 percent of what they say they need to carry out their expansion plans.

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