Minnesota nonprofits lost about $1 billion in April because of COVID-19

 

Jerry Holt – Star Tribune

Natasha Triplett pushed a cart of food to a car Wednesday morning at the CEAP office in Brooklyn Center. The nonprofit is seeing a 25% increase in the number of first-time clients in need of help.

Minnesota nonprofits lost an estimated $1 billion in revenue in April because the COVID-19 pandemic forced the cancellation of fundraising events and reductions or closures of other revenue-generating programs.

The Minnesota Council of Nonprofits has released the results of a survey of the state's nonprofits, part of a national survey conducted in partnership with the Federal Reserve Bank on how the coronavirus outbreak and economic downturn are affecting the sector.

https://www.startribune.com/minnesota-nonprofits-lost-about-1-billion-in-april-because-of-covid-19/570384302/


 

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