Special report update: Pandemic shortfalls top $2.6 billion
- March 18, 2022 |
- WILLIAM EHART
With more tax returns for periods coinciding with COVID-19 outbreak now available, extent of revenue declines becomes clearerThe true magnitude of COVID-19's devastating impact on associations gets clearer every day as more public tax disclosures become available.[Related content: Sale of documents business helps boost American Institute of Architects revenue]The price tag as of now? More than $2.6 billion in lost revenue among more than 1,600 national groups. Seventy-eight percent of those associations experienced revenue declines.More than half of them reported revenue losses of 10% or more.Based on more limited data available late last year (from 1,009 groups), CEO… Read More