A Look at the Steps Nonprofits Took to Survive the Pandemic
They made faster decisions and improved technology infrastructure
Many associations have had a rough time since the start of the pandemic, due to loss of in-person events revenue. A new report from tax and advisory firm BDO, “Nonprofit Standards: A Benchmarking Survey,” looks at how nonprofits fared since March 2020.
“It’s definitely a story of looking at how organizations moved through the pandemic and the economic downturn,” said Andrea Espinola Wilson, BDO partner and national nonprofit and education practice co-leader.
The report covers a variety of areas, including finances, decision-making, technology, and employee morale. In terms of finances, many organizations took government COVID-19 relief, such as Paycheck Protection Program (PPP) loans.
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