As the world keeps evolving, nonprofits find themselves with a lot on their plate to handle. From the ever-changing regulations to increased competition for donor money and volunteers, running a nonprofit in the modern age is not always easy. These challenges are, however, fun and make the job more rewarding in the end since these challenges can lead to innovation. Solutions to some of these problems are what makes nonprofits always fresh. The most important thing here is that you need to know the issues and challenges that you are likely to encounter to stay ahead of the game.

The year 2020 has been a year of many negatives in almost every industry. Just like any other, nonprofits have not been left out in facing these challenges. Despite the tough beginning, things are moving well, and nonprofits must understand the trends so that they can adequately measure up to the changes in the industry for the remaining part of 2020 and beyond. Below are trends that you should expect going forward as predicted by industry professionals.

The year 2020 is perhaps the toughest year for every business, and nonprofits have not been spared. The extent of destruction and pain that the COVID-19 pandemic has caused is unimaginable, and this might just be the beginning. In the United States alone, more than 50,000 lives have been lost, and millions of livelihoods torn apart due to the after-effects of the pandemic. This might just be a tip on the iceberg as many losses are yet to be witnessed. As companies continue losing money, and employees get furloughed, nonprofits are facing many challenges that they have never experienced before. Nonprofits have offered essential support for people to get through crises before. As they carry on with their operations, they should expect their funding to reduce significantly due to economic slowdown. Owing to the changes that have been occasioned by the COVID-19 pandemic, nonprofits should take the following measures: