Most community organizations are “non-profit” organizations.
That might be the biggest reason why many “non-profit” organization struggle financially.
“Non-profit” doesn’t mean that the organization should not strive to be profitable.
Quiet the opposite, the most successful non-profit organizations have solid rituals for making sure that their finances are in order.
Hence it’s important to setup tools and programs that stimulate a healthy cashflow.
Cashflow comes from a variety of sources, which may include:
- Donors
- Donations from Members
- Donations from Large Donors & Matching Donors
- Corporate Donations
- Government Funding Programs
- Sponsorships
- Facility Rentals
- Community Services
- Events & Programs
Let’s explore each of these sources of funding.