New Study Shows Recovery Will Be Challenging for Some Canadian Charities
August 17, 2021
Description / Summary
More than a year since the onset of the COVID-19 pandemic, the effects of the crisis are still being deeply felt by many charities across the country. Our latest Sector Monitor survey shows how the pandemic continues to challenge the sector and suggests that recovery will be challenging for many organizations.
The uneven pandemic: many charities continue to be severely affected while others are doing alright
More than 4 in 10 charities are still facing declines in revenue
Among these charities, the average revenue decline is 44%, unchanged since our last survey in late 2020, and more than half are dealing with revenue declines of more than 40%
On the other hand, about a third of charities are now reporting that their revenues are about the same as before the pandemic and almost a quarter report increased revenues