Nonprofits Seek Financial Stability, Study Shows
A new study conducted by the Center on Philanthropy shows that 64 percent of midsize nonprofits aren’t satisfied with just operating in the black. Instead, they define success by striving for financial security that will serve them through tough economic times.
Among other findings, the study shows the top two financial objectives cited by respondents were maintaining cash reserves and financial flexibility (38 percent) and assuring an annual surplus for down years (27 percent).
The complete study is available here.