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The CPA Journal ; 92(3/4):9-11, 2022.
Article in English | ProQuest Central | ID: covidwho-1801568

ABSTRACT

According to the National Council of Nonprofits, the sector employs approximately 12.3 million people and spends more than $826 billion on salaries, benefits, and payroll taxes annually [National Council of Nonprofits (NCN), 2021. "Economic Impact," February 2, 2021, https://bit.ly/3wjgVnT]. [...]these nonprofits create many opportunities to fuel the United States' economic engine: nonprofits consume a wide range of goods and services, ranging from immediate needs (e.g., food, utilities, office supplies, rent) to larger expenses (e.g., computer and medical equipment). According to the Independent Sector survey (2020), only 23% of food pantries were operational during the height of the pandemic and they struggled to survive, leading to profound adverse financial and social implications. NBC News, April 8, 2020, https://nbcnews.to/3tpaspU). Since 2020, food pantries have had to adjust to this new environment with new strategies and activities, focusing on urgent needs and direct emergency assistance.

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