Pandemic has devastated Maryland’s minority-led nonprofits: ‘The stress and strain is unbearable, and it is untenable’

State Associations in the News

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Maryland

COVID-19

Paycheck Protection Program

Nonprofits led by people of color were more likely to experience greater than 50% losses in every revenue stream than white-led nonprofits, according to Maryland Nonprofits’ COVID-19 Pandemic and Racial Equity Survey, released Dec. 1, 2021.

Minority-led nonprofits made up 60% of those with revenues under $25,000, and were more likely to have experienced declines over 50% in all revenue sources, according to Maryland Nonprofits’ COVID-19 Pandemic and Racial Equity Survey.

The survey received 710 unique responses from nonprofits across the state about finances from August 2020.

The Paycheck Protection Program, which reached 60% of responders, was the government funding opportunity most used by surveyed nonprofits. It was less accessible, however, to those led by people of color, the survey reported.

“They were less likely to be eligible, less likely to hear about it and more likely to be declined than white-led organizations,” according to the report.

Source Name: 

Baltimore Sun

Source Link: 

https://www.baltimoresun.com/coronavirus/bs-md-coronavirus-nonprofits-20...