I haven’t actually heard of any EA organizations laying off staff due to COVID-19. I wouldn’t be surprised if you see very little loss of jobs at EA orgs specifically, or even none at all, over the last couple of months. Most EA organizations seem to have a decent amount of runway, and with a lot of EA donors employed in big tech, which seems to have been relatively stable throughout COVID, there is fortunately still a decent amount of income coming through.
That said, I suspect most of the financial and hence employment impacts of COVID on EA orgs will be in the future as organizations eat into their runway, especially this giving season if donors give significantly less than usual. If there’s a big loss of jobs in EA orgs, I’d suspect it to hit around January or February, after organizations take stock after giving season.
>How long can RC survive without additional funds? What is your typical runway (in months)?
RC Forward currently has a runway just shy of 10 months which would bring us to June, 2021.
Our typical runway averages around 6 months, though this has ranged from 3 months to 10 months in the past two years. Right now we are currently benefiting from the Canadian Employer Wage Subsidy (CEWS) program. Funding is not guaranteed and is applied for monthly, however this wage subsidy has allowed us to stretch our runway considerably. The program is available until December, 2020.
I haven’t actually heard of any EA organizations laying off staff due to COVID-19. I wouldn’t be surprised if you see very little loss of jobs at EA orgs specifically, or even none at all, over the last couple of months. Most EA organizations seem to have a decent amount of runway, and with a lot of EA donors employed in big tech, which seems to have been relatively stable throughout COVID, there is fortunately still a decent amount of income coming through.
That said, I suspect most of the financial and hence employment impacts of COVID on EA orgs will be in the future as organizations eat into their runway, especially this giving season if donors give significantly less than usual. If there’s a big loss of jobs in EA orgs, I’d suspect it to hit around January or February, after organizations take stock after giving season.
How long can RC survive without additional funds? What is your typical runway (in months)?
Yes, seems highly likely. I will check back around that time.
Thank You very very much.
>How long can RC survive without additional funds? What is your typical runway (in months)?
RC Forward currently has a runway just shy of 10 months which would bring us to June, 2021.
Our typical runway averages around 6 months, though this has ranged from 3 months to 10 months in the past two years. Right now we are currently benefiting from the Canadian Employer Wage Subsidy (CEWS) program. Funding is not guaranteed and is applied for monthly, however this wage subsidy has allowed us to stretch our runway considerably. The program is available until December, 2020.