reported last week that nonprofits can now apply.A majority of the nonprofits in the Horizons survey received COVID-specific funding from outside sources, including 51% from the federal Paycheck Protection Program, or PPP.
However, while all the organizations with a budget of over $1 million received a PPP loan, only 19% of organizations with budgets of under a quarter-million dollars received one.Doughty said that he is concerned nonprofits will see an even greater rise in the demand for services considering the more recent congressional and presidential inaction on providing them, just at a time when nonprofits may be crunched even more.