Study finds positive signs for the future of nonprofits
The past two years have been challenging for nonprofits, but the “2022 Nonprofit Technology Trends Report,” sponsored by Sage Intacct (a provider of cloud financial management), found encouraging signs for the future. For example, more than twice as many of the more than 900 nonprofit leaders surveyed (44%) saw more of a revenue increase in 2021 than in 2020 (21%). Of those organizations with higher revenues, 34% enjoyed increases of more than 25%. And giving was higher across all types of funders — individuals, corporations and governments.
Employers of all stripes, both nonprofit and for-profit, often overlook a federal tax break available to organizations that hire new employees from certain groups who have traditionally faced obstacles to hiring. While the Work Opportunity Tax Credit (WOTC) is more limited for nonprofits, it nonetheless presents payroll tax-saving opportunities that can prove especially valuable for organizations that are ramping up hiring. This article reveals how the WOTC can be a win-win for nonprofits and veterans.
Most nonprofits look to government and/or foundation grants to help finance goals. These grants are fundamental in expanding an organization’s reach. But organizations may find it difficult to quantify all the costs and benefits associated with a potential grant. Nonprofits that don’t do their research before accepting money could face problems down the road. This article summarizes the risks of blindly accepting grants, how administrative burdens can undermine a grant’s face value, and the possibility that expenses aren’t allowable or reimbursable under a grant.
Employers of all stripes, both nonprofit and for-profit, often overlook a federal tax break available to organizations that hire new employees from certain groups who have traditionally faced obstacles to hiring. While the Work Opportunity Tax Credit (WOTC) is more limited for nonprofits, it nonetheless presents payroll tax-saving opportunities that can prove especially valuable for organizations that are ramping up hiring. This article reveals how the WOTC can be a win-win for nonprofits and veterans.
Where your nonprofit is located and how you use the space you have can mean the difference between striding or just limping along. That fact was highlighted for many nonprofit leaders during the COVID-19 pandemic, when lease or mortgage payments became a financial strain, and dust accumulated on the desks of employees working remotely.