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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

If you’re reading this, you probably already know about the problems that nonprofits like yours are facing with their insurance: Rising insurance premiums, poor coverage from commercial insurance carriers, and in some cases, the loss of coverage altogether. Why are insurance rates soaring for nonprofits?

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Learning from peers to refine your nonprofit funding strategy

Candid

In this article, well outline a three-step process adapted from our report Finding Your Funding Strategy: Benchmarking 101 , tailored to U.S.-based It can help you decide on the revenue categories youll focus on, the likely mix of revenue from those categories, and the capabilities required to raise that revenue. based nonprofits.

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What’s the Cost Behind Starting a Nonprofit Organization in 2025?

Grant Writer Team

Legal Assistance: Hiring an attorney to draft bylaws and articles of incorporation can cost between $500 and $2,000. Insurance: General liability insurance typically costs $500 to $1,500 annually. Employee Benefits: Health insurance, retirement plans, and other benefits can significantly add to staffing costs.

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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

From 2021 to 2022, according to a Nonprofit Times article, the number of people giving to nonprofits declined by an estimated 7.1 The largest percentage decline was the smallest donors, those who gave $100 or less,” the article notes. For these donors, the drop was a hefty 13 percent.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Cost of Incorporation& Tax-Exempt Status Every nonprofit startup must file a legal document known as the articles of incorporation with their state to begin the process. A lawyer can help you draft your ‘articles of incorporation,’ as well as help you with your application to the IRS.

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The downsides of starting a nonprofit organization

Candid

You may also have legal fees and operational costs, such as office space, salaries, and insurance. The board controls the organization, not the founder, and they are subject to laws and regulations, including their own articles of incorporation and bylaws. Although many people like to be in the driver’s seat, no one “owns” a nonprofit.

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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

These are set costs like headquarters rent, insurance, and administrative salaries. Forvis Senior Manager Seth Hopkins contributed to this article. In general, there are two types of expenses you should consider when creating the budget: fixed and variable. These expenses can include program staff, professional fees, and supplies.

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