Remove Fundraising Remove Indirect Cost Remove Insurance
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Tip 1: Categorize your revenue types, such as fundraising, grants, and earned income. Tip 2: Gather information on your revenue diversity (do you have different types of income, or does it all mainly come from fundraising, for example), restricted vs. unrestricted balances, profit margin, and months of cash on hand.

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The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

As your nonprofit starts to blossom, don’t be surprised if you are conflicted over how much to spend on nonprofit administration, especially fundraising. And fundraising. As the costs add up, you might be asking: How much of a nonprofit’s annual budget should be spent on administrative tasks and fundraising? The training.

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Your Unrestricted Funds Need Stewardship, Too

Blackbaud

Many don’t cover operating costs or have a small allotment for indirect costs such as salaries, insurance, and utilities. An organization might do a fundraising campaign specifically for new equipment or apply for a grant that aligns clearly to their goals.

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