Posted at 18:00h
in
Budgets,
Megan Campbell
Like any business or corporation, nonprofit organizations must manage revenue and expenses to deliver their products and services to communities. While nonprofits have been charged with addressing the world’s most critical issues, they often lack the adequate resources required to do it. Most organizations need things like
safe facilities, light bulbs, furniture, computers, printers, office supplies, etc. to function. Large organizations such as hospitals and university systems are seldom scrutinized for these kinds of “operational” expenses, yet small organizations often accept the
nonprofit starvation cycle, assuming that items needed for operations should be donated, mismatched, and held together by duct tape. There is an unspoken yet oft-acknowledged expectation that small nonprofits should rely on free or donated space, equipment, and even
underpaid professional expertise more than their larger counterparts.