just got out from my classes not long ago. turns out charities are outta luck

United States
March 29, 2010 1:26pm CST
I had to do an assignment for my Economics class. An article. i decided to look up how charities and nonprofit organizations are (have been, will be) doing in the economy. Turns out that most charities face 2 ultimatums: get taxed or get shut down. nonprofit organizations dont generate sales income or their own income in such a way as a store or commercial entity does. they quite literally rely on the goodwill and support of others. Its a shame 'cause a lot of the charities and nonprofit bodies make a difference in their communites. a lot of them are found in rural and small town areas, where welfare is hardest hit. What do other people have to say about this??? perhaps there will be someone to witness the shutting down of a local nonprofit oranization. This sucks. here's a link to the article, from Reuters: http://www.reuters.com/article/idUSN2416281420100324?type=marketsNews "US charities to feel lag effects of recession in 2010"
1 response
• United States
29 Mar 10
Hate to see any charity go by the wayside but unfortunately looks like that may be the way some of them are headed. It is tough to decide which charites are worthy of staying around but hopefully we will see the combining of some of these groups as that way they will have power in numbers. I know locally we have about 10 different charities that work with rehousing of homeless pets. Just think what they could do if they all joined forces and worked together.
• United States
29 Mar 10
Hm. Ya know, the NRA is a nonprofit organization. They will not be shutting down anytime soon, actually. but their cause is certainly not high up there on the list of the "most noble". The Bill and Melinda Gates Foundation isn't going anywhere, i'm SURE--i mean, its backed by a multibillionaire. You're right though. some charities need to combine in order to withstand the financial burden they are putting on their homestate. Lessens the chance of charities being singled out.