Non-Profits Taking Big Economic Hit

America’s non-profit corporations, including many arts groups, are being forced to make painful cuts in the face of declining public funding, stagnated individual giving, and tumbling foundation spending, and the situation may not improve for quite a while, even if the economy continues its current rebound. Government funding is the second-largest source of revenue for non-profits, and at the moment, with states strapped for cash and the federal government charting a course which does not include much state aid, the public subsidy situation is dire.