article thumbnail

Burnout, Budgets, Staffing Vexing NPO Leaders

The NonProfit Times

As in 2023, most nonprofit respondents experienced either a balanced budget or surplus in the most recently completed fiscal year. The not so good news is that nonprofit budgets tend to be trailing indicators of the overall economy, explained Smith Arrillaga. In 2023, 19% of repeat respondents indicated a prior-year budget deficit.

Burnout 64
article thumbnail

The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Internally, this report is most useful for budgeting.

Liability 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Stop telling fundraisers their goal is “more”

The Fundraising Coach

Some management systems call this a “ definition of done.” Your nonprofit’s fundraising goal isn’t just “raise what is needed to make the budget work.” And to help yourself create a definition of “done” for your work – a role that will always have more to do.

Goals 93
article thumbnail

3 Steps to Create a Sustainable Nonprofit Operating Budget

Greater Giving

The planning document that serves as the backbone for financial sustainability—and by extension, successful growth—is your nonprofit’s annual operating budget. To help you get started with nonprofit budgeting , this guide will outline three essential steps for creating a sustainable operating budget: 1.

Budget 52
article thumbnail

Your Definitive Guide to Government Grants

Allied Grant Writers

Depending on the budget presented on the proposal and the overall project, the funder can opt to support all types of costs as indicated. Budget is a big deal. Preparing the budget summary is a very essential part of the process. Available funding could cover all costs. Application is firm and open to the public.

article thumbnail

Your Definitive Guide to Government Grants

Allied Grant Writers

Depending on the budget presented on the proposal and the overall project, the funder can opt to support all types of costs as indicated. Budget is a big deal. Preparing the budget summary is a very essential part of the process. Available funding could cover all costs. Application is firm and open to the public.

article thumbnail

Avoid the 3 Biggest Mistakes of Fundraising in a Recession

The Fundraising Coach

Not out of touch, but definitely optimistic. Cutting fundraising and marketing budgets. When money gets tight, the knee-jerk reaction seems to be to cut the fundraising and marketing budgets. What to do: Rather than cutting budgets and staff, seek to make the programs and people more effective. But we can't allow it to.