Nonprofits Hit Hard by Budget Cuts
by Guest Blogger, 2/2/2006
A new analysis by the Aspen Institute finds that discretionary federal spending on programs of interest to nonprofits will fall by 2.8 percent between FY2005 and FY2006 (after adjusting for inflation). Programs of interest to nonprofits are expected to fall by $4.6 billion, while nonprofits themselves are estimated to see losses of roughly $1 billion.
These cuts are especially harmful because Bush's slicing and dicing of other discretinary programs has meant that nonprofits are shouldering an increasingly large part of the burden of meeting human needs. Additionally, they will most likely face even more cuts in this year's budget. The President's budget proposal is being released February 6.
