Nonprofits are feeling the economic pinch | News, Sports, Jobs

Soaring inflation is a pain in the wallet — not just for individuals, but for the nonprofits that depend on the generosity of these people for donations.

Price and salary increases are making it harder for nonprofits to meet their own operating expenses and forcing them to cut services, according to The Chronicle of Philanthropy.

One example comes from Cincinnati, where Last Mile Food Rescue purchased a refrigerated truck to transport food from donor retailers to distribution sites. But such a truck is now beyond their reach.

“We search every day,” says Julie Shifman, executive director of Last Mile. “We’re hoping we’ll be able to afford it, or that a major donor might come and help us.”

According to the Nonprofit Alliance, inflation hits organizations that offer annual cost-of-living increases to their workers. In these cases, personnel costs alone increased by an average of around 6%, without any increase.

Those working to provide affordable housing face the skyrocketing cost of building materials.

“This has stalled countless projects for us, right in the middle of a time when housing and shelter are the most important things needed to weather the storm of a pandemic,” said Housing CEO David Lipsetz. Support Council. “For us, a modest increase in costs can end a project in an area of ​​the country where it is most needed.

We know that nonprofits are also feeling the sting here in the Ohio Valley. Those who can should do all they can to support nonprofits, which will be in greater demand than ever as economic challenges once again weigh on our region.

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