RESTON, VA (PRWEB) April 06, 2018
The results of a recent national survey and benchmark study on the financial challenges and priorities for nonprofit organizations are now available. The 2018 Nonprofit Financial Priorities Benchmark Survey Report provides insights into the financial performance of nonprofits in the U.S. and their adaptation to stock market results, government reform initiatives, and an uncertain political environment.
The survey polled more than 350 financial professionals and executives from the nonprofit sector across the country to explore the challenges facing this industry, as well as, organizations’ priorities in 2018. Nonprofit growth is another indicator of an organization’s impact and sustainability and will require priority by executive leadership throughout 2018. The survey prompts organizations of all sizes to consider how to effectively scale and continue delivering on their missions and to consider what financial guidance decision makers might need to produce the best results for their nonprofit.
The complete 2018 Nonprofit Financial Priorities Benchmark Survey Report is available for download here.
The survey questions identified several key aspects necessary for growth and operational efficiency recognized by nonprofits as needing their time and attention this year. Respondents also describe the nature of running a nonprofit in this era of changing local, state, and federal government regulations. Study highlights reflect these concerns and challenges:
- Survey participants rank government oversight (18.8%) and generating revenue (16.7%) as their top overall challenges facing their organizations.
- Leading the list of priorities in 2018 are expanding fundraising and development (60%) and implementing operational efficiencies (55.8%).
- The top financial challenges reported by respondents are development/growth/revenue/cash flow (22.8%) and fundraising (13%).
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