While cybersecurity is a widely accepted concept, there is much doubt about its application in the nonprofit sector. Numerous studies demonstrate the prevalence of data loss and the critical need for nonprofit organizations to safeguard information assets. Yet the literature acknowledges the concerns that NPOs are usually understaffed and underfunded, rely on volunteers rather than paid professional staff, and lack the skills and infrastructure necessary to establish and sustain security best practices. COVID-19 Pandemic exacerbates this situation to a great extent. This paper seeks to explore whether the factors such as NPOs annual budget size and the number of employees impact NPOs cybersecurity readiness during unprecedented circumstances of COVID-19. Survey data from 65 nonprofit organizations was collected and analyzed to gain a better understanding of factors impacting the cybersecurity readiness of those organizations. Implications for future research and practice are also discussed.