New York City is not a good place to try to run a non-profit organization. The rent is high and other overhead costs aren’t as forgiving as they might be in other regions of the world. For this reason, we’re seeing the death of non-profits in NYC, as big-name capitalists with big money are buying up their locations so that they can turn them into luxury apartments.
So far, we’ve lost St. John’sUniversity, United Cerebral Palsy, the Atlantic Foundation, the Center for Fiction and a dozen more. Sure, these organizations can move to cheaper, more affordable storefronts, but it’s still a shame to see the greedy hands of profit forcing all these helpful people to abandon NYC just so that they can stay alive.
Photo courtesy of Beyond My Ken via Wikicommons
