Boom spawned many small charities now forced to close doors
(NEWSER) - The recession is ravaging the nonprofit sector, forcing many to consolidate or disappear, even as demand for their services rises. Over the past 15 years, the number of registered nonprofits doubled to 1.5 million organizations. Now, as funds dwindle—private donations fell 6% throughout the sector in 2008, their biggest drop in more than 50 years—many fear there are just too many groups, the Wall Street Journal reports. More»
