Delaware's Nonprofits Are Financially Fragile Report Says

In case you missed the lengthy article in the December 13th News Journal there is a new report out that paints a very gloomy picture of the funding environment for Delaware's nonprofits. According to Philanthrophy in the First State: Delaware's Nonprofits, Individual Donors and Grantmaking Organizations:

• More than 35% of Delaware's nonprofits operated in the red each year from 2002-2007.
• Eight private independent foundations provide the bulk of grant support to Delaware nonprofits.
• There are fewer than a dozen corporate foundations based in Delaware. In 2007 they accounted for only 2% of foundation giving.
• Though Delaware incomes are 3% higher than the national average, Delaware donors, on average, gave 9% less than the national average.

You can read the entire report here or a shorter Op-Ed piece from the News Journal here.