The Search for Nonprofit Efficiency Picks Up Steam
If you don’t think that donors pay attention to how your nonprofit spends the money they give, think again. Check out this piece in the Daily Times of Salisbury, Maryland, on the success Lower Eastern Shore charities have had in funneling an atypically large percentage of their donations to their mission-oriented activities:
With the growing impact of nonprofits on the communities they serve, the issue of how those charity dollars are spent is often a deciding factor for donors.
The Lower Eastern Shore’s top nonprofits spend about 20 percent of their charity receipts on management and fundraising, an analysis of figures reported to the IRS shows.
Administration expenses locally are under the Better Business Bureau Wise Giving Alliance’s efficiency benchmark of 35 percent.
The very fact that a newspaper is poking around this issue should tell you that someone thinks it’s news. All organizations have overhead, of course, regardless of their sector, but those that can keep theirs low reap the rewards — again, regardless of their sector. How are you spending your dollars?
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POSTED IN: Business affairs, Fundraising
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