In the Time of Coronavirus: How many eligible nonprofits benefited from the Paycheck Protection Program?

The Johnson Center for Philanthropy analyzed recently-released data from the U.S. Department of the Treasury and the U.S. Small Business Administration to determine the impact of the Paycheck Protection Program on how nonprofits fared under the program and its impact on nonprofit employment. The research findings include: nationwide, nonprofits received 3.7% of all loans made under this program; those 181,680 nonprofit PPP loans protected 4.1 million nonprofit jobs; and a typical lender made approximately 4–5% of their total loans to a nonprofit.