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A crash course on trends analysis using Candid’s Foundation 1000 data set 

Candid

One of the most common reasons people analyze Candid’s grant data is to understand year-over-year giving trends in the sector. So, you may be surprised to learn that when we do trends analyses at Candid, we often don’t start with our full data set. foundations in a given year (see chart below). What is the Foundation 1000?

Analysis 116
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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

Ensuring compliance and accuracy in your financial reporting involves several key actions: Regularly review the latest guidelines and summaries provided by authoritative bodies on revenue recognition of grants and contracts. How to Avoid: Organizations should consider adopting the Unified Chart of Accounts for Nonprofits (UCOA).

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How to Set Up Your Nonprofit Accounting System RIGHT So it Helps You Grow

Get Fully Funded

Your Donor Management system helps you identify potential major donors and spot trends in giving. A simple report with a pie chart can easily show you that. A report showing comparisons can help you see this increase. So set up your Chart of Accounts right from the get-go. There are a few reasons for this.

System 98
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Seven Ways to Improve Engagement With Your Nonprofit Financial Reports

BoardAssist

A dimensional chart of accounts structure creates a separate field in your database for each bit of expense information rather than cramming all the information into one account code field. Dimensions also enable your accounting software to run faster by streamlining the chart of accounts. Provide a basis for comparison.

Report 40
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Top Lessons from GivingTuesday 2023

Neon CRM

Where appropriate, we’ll also draw out some conclusions and comparisons to help contextualize where and how GivingTuesday can fit into your nonprofit’s overall strategy. The chart above shows that 2023 saw higher overall volumes throughout the day, with a small spike at 9:00 a.m. Click here to see a larger version of this graph.

Lesson 52
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Reporting for Grantmakers: Charts vs. Lists to Make Sense of Your Data

sgEngage

Newsletters with industry trends hit your inbox almost every day. Charts and lists are two of the most common formats for grant reporting, but they have different benefits when you are trying to make sense of your grantmaking data. Using Charts in Your Grant Reporting.

Chart 73
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Nonprofit Web Design Process Part 2a: Analytics Data as User Research

Connection Cafe

If a client hasn’t had Analytics for a year, 3 months would be the shortest timeframe we’d want to evaluate to ensure we get a clear enough picture of trends over time. see the Traffic Sources pie chart on the right for an example of this data). If we set up Goals, reviewing them post-launch is another great success metric.