BDO released its annual Nonprofit Standards benchmarking survey of more than 270 nonprofit organizations. The new data reveals nonprofit leaders’ strategies for dealing with economic uncertainty, meeting the needs of the populations they serve, increasing revenue, expanding impact, and approaching fundraising. Find out how they plan to support their missions and build resilience into 2023 and beyond.
The nonprofit industry has continually turned crisis into opportunity amid one of the greatest economic and social upheavals in decades. In fact, in the most recent fiscal year, most nonprofit organizations reported growth in revenue, enabling them to expand their impact or, for some, even the scope of their mission.
But with inflation at historic levels, nonprofits face economic headwinds and are taking action to help protect their organizations and the people at the heart of their work.
According to our annual Nonprofit Standards benchmarking survey, nearly two-thirds (65%) are increasing wages to help employees weather the impacts of inflation, and just over half are pursuing operational efficiencies (54%) and increasing fundraising (52%).
Now in its sixth year, Nonprofit Standards examines emerging challenges and opportunities facing nonprofit leaders, offering data-backed insights they can use to further their missions and sustain their organizations into the future.
The survey includes an overview of the nonprofit sector as well as breakout reports for health and human services organizations, higher education organizations, grantmakers, public charities, and organizations with less than $25 million in revenue.
How does your organization compare to peers? Benchmark yourself.
Written by Andrea Espinola Wilson and Adam Cole. Copyright © 2022 BDO USA, LLP. All rights reserved. www.bdo.com