Explain in detail has a downturn in the economy affects not

Explain in detail has a downturn in the economy affects not for-profit organizations as opposed for profit ones.

Solution

Downturn in the economy affects both profit as well as nonprofit organizations.

These firms face low funding in the downturn. As there are many nonprofit organizations and funding is low then there is a competition in getting fund.

Because OF low funds the organizations start cutting cost. Further they find out new innovative solutions to get the funds.