When is it time to close our doors?
3 reasons to consider closing your nonprofit
Has COVID-19 dramatically impacted your nonprofit’s ability to achieve its mission? Has revenue dried up during the pandemic?
Unfortunately, many nonprofits are feeling the impact of these unprecedented times and are unsure of what to do next. Making the decision to close a nonprofit can be difficult, but in some cases, it's the right choice to ensure that your mission is preserved and your legacy remains positive. There is more than one way to close a nonprofit, and more than one way to determine if it is time to close a nonprofit.
Our staff has compiled several reasons to close your organization while ensuring it leaves behind a wonderful legacy.