A better way to compare the stability and success of nonprofit organizations.
I spent some time last week reviewing Common Size Financial Statements. Investopedia defines these statements as “A company financial statement that displays all items as percentages of a common base figure. This type of financial statement allows for easy analysis between companies or between time periods of a company”. Therefore, by using common size financials, one great benefit is that a person can review a company’s financial status in comparison with another company even if those companies are not comparable in other ways. Read More
The Importance of Stories and Statistics of Charitable Programs
Great stories are important as examples of the wonderful work of nonprofit organizations and charitable programs. Being a great story-teller is helpful. Success stories can help connect people to your cause and hopefully entice people to donate to your organization. But the stories need to be representative of the bigger picture. Read More
Nonprofit organizations start with a mission, a passion. There is a cause that needs to be fixed or helped. One or a few intelligent and determined people set out to make a difference for that particular cause. Soon, or after a long time waiting for the IRS designation, a nonprofit if formed! Then, quite often, it struggles to maintain sustainability. If there is great value in the services that nonprofits provide, why do they struggle? Read More
Got data? Want data? Do you know how to access internal and external data to better assess and monitor your organization? Whether you are interested in applying for a new grant or want to know which neighborhood would most greatly benefit from your services, statistics can help you ‘make the case’. In order to take actions and make decisions that involve others outside of your organization, it is important to use external data.