Kentucky nonprofits feeling the pinch of inflation during “Season of Giving”
Dec 12, 2024
The season of giving is usually a time for many non-profits across Kentucky to fill their coffers for the coming new year. However, that has not been the case for many smaller organizations. Inflation and workforce shortages have taken their toll.
Danielle Clore is the CEO of the Kentucky Non-Profit Network. She said larger organizations such as hospitals are seeing increased giving, but smaller ones are feeling the pinch.
“I think over 75% of non-profits in Kentucky have annual budgets of less than a million dollars, so we are concerned about those smaller organizations, but there is a bright spot, we know Giving Tuesday, which we wrapped up last week was up over last year, so we’re hopeful.”
Clore said the organizations that are struggling the most are those dealing with housing and providing more food security for those in need.
“More individuals are unhoused, more people have food insecurity and need assistance, certainly there is a shortage in childcare that’s keeping many parents from working. Human services organizations are often smaller, and those are the ones who are also, sometimes, facing those declining donations.”
Clore said many larger non-profit organizations such as hospitals have seen an increase in giving.
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