Nonprofits of all kinds are getting hit hard by inflation, experts say.
Last Mile Food Rescue in Cincinnati started shopping in November for a refrigerated box truck to move perishable donations from food retailers to distribution sites. The purchase would take some of the pressure off overstretched volunteers, who would have to make three or more runs in their cars to haul as much food as a single truckload.
“We look every day,” says Julie Shifman, Last Mile’s executive director. “We hope that we will be able to afford it, or a major donor might be able to come in to help us.” Nonprofits that provide annual cost-of-living increases for their workers, as many do, are getting hit with higher payroll costs of about 6% even without any increase based on merit or seniority, McCracken says.
“It’s stalled countless projects for us, right in the middle of a period of time when housing and shelter are the most important things needed to weather the storm of a pandemic,” says Lipsetz. “For us, a modest increase in costs can shut down a project in an area of the country where it’s needed the most.”
Nonprofits by their nature are in a poor position to adapt to rising costs, experts say. While McDonald's can offset higher beef costs by raising the cost of a Big Mac, for many nonprofits the only options are to cut services or hope donors will come to the rescue.Kelley Kuhn, CEO of the Michigan Nonprofit Association, says nonprofits that provide basic goods and services, like food and housing, are being hit the hardest.
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