Bay Area nonprofits brace for 2010 Armageddon

The San Francisco Chronicle reports:

Nonprofits are seeing an alarming drop in funding and increased demand for help this year, setting the stage for a complete shakeup of the sector in 2010.

Unlike recessions past, this one could permanently alter the nonprofit landscape, say nonprofit CEOs, forcing possible closures and mergers as the sector restructures to survive.

Hardest hit will be the Bay Area, home to one of the highest concentrations of nonprofits in the nation. There are 25,000 nonprofits in the region; 7,000 in San Francisco alone. Among them are 10,000 charitable nonprofits with budgets above $25,000. Their combined budgets account for 14 percent of the Bay Area's gross national product - twice the national average.

Great moments in Blue America.