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

Grant Writer Team

Technology and Software: Budget around $1,000 annually for basic tools (email, accounting software, website hosting). Insurance: General liability insurance typically costs $500 to $1,500 annually. Grant Writing and Fundraising Consulting: Professional services can cost $2,000 to $10,000 annually, depending on the scope of work.

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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

Blackbaud

Additionally, donations may come in the form of professional services or goods, which should also be accounted for. Contract Services: Expenses related to payments for services provided by contractors who are not on the regular payroll. Nonprofits may choose to specify the source (e.g.,