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4 Financial Metrics to Increase Transparency for Your Nonprofit

sgEngage

Every day, you and your donors are inundated with thousands of pieces of news and bits of information. As leaders in the nonprofit and social impact space, it’s so important for you to project a clear sense of trust into the world. Here are the metrics: Program ratio = program expenses / total expenses.

Metrics 96
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Matching Donations: A Nonprofit’s Guide to Doubling Impact

DipJar

These programs make the original donation go twice as far, so you should encourage your donors to look into their companies’ guidelines. Locating match-eligible donors is a fantastic way to diversify your revenue streams and maximize the donations you’re already receiving. Let’s dive in! What Is Donation Matching?

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Supporting a Nonprofit Business Plan: A Leader’s Guide to Guiding Your Board

Neon CRM

Evaluation and Impact Measurement: Methods for assessing the effectiveness and impact of nonprofit programs. The American Red Cross prevents and alleviates human suffering in the face of emergencies by mobilizing the power of volunteers and the generosity of donors.​ Surveys can be a great tool for this.

Guide 52
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How can nonprofits acquire skilled talent to better achieve their mission?

ASU Lodestar Center

If a nonprofit wants to achieve the full scope of capability, then they must have the skilled talent that can reach it by providing a fair and competitive compensation in an already stressed environment. Thus, retention hinges on commitment to these factors and in return, can generously impact recruitment. Human resource investment.

Skills 52
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The Nonprofit Administration Dilemma: How Much Should You Spend on Fundraising?

Get Fully Funded

Obviously, donors want as much of their donation as possible to go to your programs, to help change lives. On the other end of the spectrum, if you’re spending more than 25% of your total income on fundraising and administration, your donors may be turned off and stop giving, which means your programs may suffer. And fundraising.

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Leveraging Your Board for Nonprofit Fundraising: 10 Creative Strategies and Tips for Success

The Modern Nonprofit

Board members are often connected with people who can help you raise money in a variety of ways: they may have connections at other nonprofits, or they might be able to introduce you to potential donors through their own personal networks. They can provide funding, in-kind donations and other resources that will help you achieve your goals.

Tips 52
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What is Corporate Giving? The Ultimate Guide to Earning More

Nonprofits Source

From brainstorming new fundraising ideas to reaching out to prospective donors, nonprofits use much of their team members’ time to figure out how to raise more money. The concept of a matching gift is simple: An employee contributes to their nonprofit of choice, and their employer matches their donation at a predetermined ratio.

Guide 52