financial and economy : Employees at the Visiting Nurse Association of Chittenden
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and Grand Isle Counties have not had a raise in two years. The United Way of Chittenden County raised less money this year than the year before, something that hadn't happened since the early 1990s. The Vermont Foodbank has seen the number of people in need of free food grow by 16 percent in two years, a trend that shows no sign of reversing. Nonprofits are feeling the effects of the downturn in the stock market and the economy -- and their financial health matters. Nonprofits employ about 42,000, accounting for 12 percent of the jobs in the state. Total revenues from foundation grants, contributions, fee for service and government contracts and grants come to $2.8 billion, according to the Vermont Alliance of Nonprofit Organizations. There are 2,682 nonprofit organizations operating statewide, giving Vermont the highest rate of such groups per capita, according to the alliance.
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