Helpful Insights on Inflation’s Effect on Nonprofits

As a national full-service CPA and consulting firm devoted to serving nonprofit organizations whose outcomes are measured in lives changed, CapinCrouse recently published an article addressing how market and economic conditions have affected nonprofit organizations’ decisions about 2023 salary adjustments.

According to the 2022-2023 Salary Budget Survey from Payscale, nonprofit organizations provided employees and executives with average salary increases between three and 3.3 percent in 2022. Those nonprofits have planned an increase of 3.6 to 4.2 percent for 2023, influenced by the high level of inflation.

You can read the full article about various approaches to helping employees deal with higher costs.

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