Remove 2024 Remove Indirect Cost Remove Metrics
article thumbnail

7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Calculate Your Indirect Cost Rate Complete and correct cost allocation is key to the financial stability of your organization. If you aren’t including indirect costs—such as salaries or rent—into your funding requests or program planning, you are setting yourself up for stress later in the year.

article thumbnail

3 Strategies to Build Your Organization’s Financial Capacity

Blackbaud

Calculating indirect costs can be challenging. Talking about appropriate metrics with your team could help your organization shed the fear-based mentality and create a culture of transparency. This post was originally published in March 2015 and updated in April 2024.

Finance 118