While most economists agree that the Great Recession is over, many nonprofits in Colorado and across the nation have not recovered from their fundraising declines that began in 2008.
The Colorado Nonprofit Association reports that while nearly 58% of our state’s nonprofits state that they will meet or exceed their individual donation goals, more than 34% will fall short. Nearly 77% of Colorado nonprofits have noticed an increased demand for services this year, but 22% had to cut back on programs and nearly 17% turned away clients.
Food pantries have taken a large hit, as the food stamp program benefits have been decreased. The Colorado floods also hurt many nonprofits, as donors redirected their giving from their usual beneficiaries to the flood efforts.
The Denver post reports experts’ estimate that it will take about seven years for charitable giving to return to the pre-recession levels. People are reluctant to part with their money unless they think the economy is stable. On a positive note, Colorado Gives Day raised $15.4 million for Colorado nonprofits in 2012, while 2013 Colorado Gives Day broke a record by raising over $20 million.
Here at Conscious Group, every day is Colorado Gives Day. We strive to always give back to our local and global community, by contributing 10% of all commissions from home sales and purchases to the nonprofit of our clients’ choice. Come make a difference with us when you buy or sell your next home – it feels pretty good and you might just have fun!