ARTICLE — 56% of non-profit organizations struggle with financial reporting and accounting. Additionally, the Non-profit Finance Fund’s State of the Non-profit Sector Survey revealed that 41% of non-profits face economic sustainability challenges, with the need to diversify revenue sources being a significant concern.
ARTICLE — In grant funding, demonstrating the impact of funded programs is essential for securing future funding. Donors and foundations want measurable results and outcomes, and organizations that fail to provide these metrics risk losing out on future funding opportunities.
ARTICLE — Economic uncertainty can lead to a lack of predictability in funding levels; challenging grant managers to plan and allocate resources effectively. 77% of nonprofits are expecting to experience financial challenges in the next six months.