How Nonprofit Crowdfunding Works
Posted: Mon May 01, 2017 10:05 am
Do you want to hear a crazy statistic?
The Nonprofit Finance Fund’s annual survey asks nonprofits in the US about their financial health.
Of the 4,749 respondents in 2015, 24% ended 2014 with an operating deficit and only 29% broke even.
Only 52% of respondents to the survey by NFF stated that federal payments were received on schedule.
In all of these cases, the main way that nonprofits managed this deficit was by using reserves or a line of credit.
Read the article here: http://www.crowdcrux.com/how-nonprofit- ... ing-works/
The Nonprofit Finance Fund’s annual survey asks nonprofits in the US about their financial health.
Of the 4,749 respondents in 2015, 24% ended 2014 with an operating deficit and only 29% broke even.
Only 52% of respondents to the survey by NFF stated that federal payments were received on schedule.
In all of these cases, the main way that nonprofits managed this deficit was by using reserves or a line of credit.
Read the article here: http://www.crowdcrux.com/how-nonprofit- ... ing-works/
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