Creating A Financially Stable Non-Profit

992 Words2 Pages

Literature Review Paper

Introduction

There are over 1.5 million nonprofits in the United States. Of those, three-quarters (almost 1.2 million) have annual budgets under $1 million, and most are even smaller (Francis & Talansky, 2012). What are some strategies creating a financially stable non-profit? Some organizations tend to have positive attitudes toward government funding and others just don’t trust them. They felt they cannot rely on government nor on donations (Green and Dalton, 2016, pg. 305). New government make their rules, and can support nonprofit organizations by provide them with fundraising for several years. Once is the time to change government they might lose everything with the change of policies, and new members of government. …show more content…

There are two major things that can involve community participation. Organization need to be an intimate part of community (Green and Dalton, 2016, pg. 305). By hugging local communities is the challenge for organizations to grow and become stronger in some areas. Strategy for engaging community (Green and Dalton, 2016, pg. 306). Organization need charitable people with thoughts. Likewise, they can provide training for volunteers to help support the organization with any kind of service to the people in the community.

Board & Staff Involvement
Involving board member and staff is fundamental to the organizations (Besel, Williams & Klak, 2011, pg. 63). Members who have been in the organization for long time can soliciting donations from the residents and are the primary supporters. Strategies to engage staff to participate in the planning (Alford, Hauser & Huberman, 2008, pg. 2). Organizations provide online training and support to the staff but sometimes is upon the organization to develop the strategy. Similarly, funding and the participation of the board member are key to secure over 50% of their operating budget. Staff training is integral to the work of an effective non-profit organization. Because non-profits usually pay less than the corporate or governmental sectors, they must find other ways to encourage, reward, and value staff (Hauser, Huberman & Alford, 2008). …show more content…

The agency can refer to the information found above to help with some ideas on how be less stress in the financial situation. By involving in the community, adding services, participation of board members, and more important connections to large organization are part of those strategies. This could help be financially stable non-profit organizations. The next step to follow is to be positive in regard to the financial issues in the agency and to think that there is a door open at the end of the

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