Since we have not seen inflation at this level in decades, many nonprofit organizations simply don’t have much experience dealing with it. Here are some of the biggest ways that inflation may be affecting your charity and our best advice for navigating through this fiscal storm.
For most nonprofits and charities, volunteers are a vital part of their operations, allowing many organizations to make a big impact even with lean budgets. But the pandemic has created an epidemic of volunteer shortages. As a result, nonprofits are scrambling to make up for the lost assistance.