The pandemic relief surge appears to be over, leaving many organizations walking a financial tightrope with less and less room for unexpected expenses or strategic pivots.

Read the full analysis on national trends for nonprofit arts and culture 🔗 buff.ly/twxdyBZ

With revenue falling 25% and expenses down 23%, the median surplus for organizations was only 1% of total expenses in 2024. More concerning: 44% of organizations ran deficits—higher than any point in the previous five years and well above the 36% who were in deficit before the pandemic.

The picture that emerges is one of ongoing adaptation to pressure: organization’s funding mix has been restored to pre-2020 patterns, but new hurdles have emerged as the overall pie shrinks.

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➡️ Follow us as we continue investigating which organizations were most impacted by these revenue declines.

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