Nonprofit Capacity Building Readiness Summit March 2023
Nonprofit organizations play a fundamental role in creating more equitable and thriving communities. The COVID-19 pandemic left many nonprofits experiencing financial hardship. During the pandemic, nonprofits across Chicago saw an increase in the demand for their services without an increase in their financial and operational capacity to meet that higher demand. Nonprofits operating in low-to-moderate income areas and those with budgets less than $1M were disproportionately impacted, with many seeing decreased revenue and increased costs and have not yet fully recovered. To ensure a strong recovery for Chicago nonprofits, the City of Chicago created the Nonprofit Capacity Building Program. This program will provide technical assistance and capacity building services for disproportionately impacted nonprofits, helping to stabilize and scale their operations. This is the presentation from the March 9, 2023 Readiness Summit.