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Demystifying the Major Nonprofit Accounting Methods

Pamela Grow

However, the wide range of revenue sources and expenses your nonprofit may have can quickly complicate your data collection and analysis. To keep your financial data organized, you can use either of two primary tracking methods: cash accounting and accrual accounting. Essentially, it tracks cash flow in and out of your nonprofit.

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How to Use a SWOT Analysis for Your Nonprofit

CauseVox

A SWOT analysis is a great tool to guide any team through this process. So be glad of your weaknesses now, they are the beginnings of your strength.” – Claire Weekes What is a SWOT Analysis and Why Do One? A SWOT analysis helps to identify opportunities for growth and impact, and anticipate and mitigate potential threats.

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Study the Data, But Eat the Cake—Put the Human Factor Forward

.orgSource

Predictive modeling reveals future outcomes and trends with greater accuracy than traditional methods, enabling proactive decision-making and change management. Automating data exploration frees time to focus on higher-level analysis and interpretation of results. It was CMA that had to learn more about its community. “If

Data 221
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Mastering Next Year’s Budget With Revenue Projections and Donor Attrition Analysis

Neon CRM

Understanding Revenue Projections When a nonprofit is putting together a budget for the coming year, an important step is to perform a revenue projections analysis that can inform the expected amount of income used for operational expenses and deepen mission impact.

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The Use of AI in Fundraising: Maximizing Donations with Data-Driven Asks

Nonprofit Tech for Good

Traditionally, fundraising has relied on old methods. Data Analysis for Insightful Strategies Data analysis is at the heart of artificial intelligence in fundraising. It helps them advance their missions and serve their communities better. This includes possible biases in data analysis and decision-making.

Donation 239
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From Stories to Support: The Nonprofit’s Guide to Acquiring and Using Testimonials

The Modern Nonprofit

But how do you encourage your community – from beneficiaries to benefactors – to share their stories? For instance, donor testimonials can be particularly effective in fundraising materials, while client stories may be more impactful in community outreach. I am where I am today because of their unwavering support.”

Story 104
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3 Strategies To Elevate Your Association’s Impact in the New Year

Association Analytics

This is considered an implicit data collection method. This is considered an explicit data collection method. As you think about the current methods you’re using to ask members questions, consider one question you could add to one of those forms that would return highly valuable data. Observing is the most valuable type of data.

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