David Heinen, Vice President for Public Policy and Advocacy
With staggering inflation and recent declines in the stock market, nonprofit leaders are bracing for the possibility of a recession. Based on recent history, a recession could mean a prolonged period of hardship for nonprofits. During both the major recession from 2007 through 2009 and the brief economic downturn at the start of the COVID-19 pandemic in 2020, recovery came much more slowly for nonprofits than for the economy as a whole.