Northeast Florida’s nonprofit sector is stretched thin and financially distressed, according to a report from the Jessie Ball duPont Fund for the Nonprofit Center of Northeast Florida.
In 2008, the most recent year for which comprehensive data are available, 42 percent of area nonprofits operated in the red, compared with 33 percent in 2007.
The number of active nonprofits in the five-county metro Jacksonville area has doubled in the past decade to 1,360, with all of the growth occurring before 2006. Only about one-fifth of those nonprofits have annual budgets of $1 million or more.
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