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5 Challenges Nonprofits Face in 2024

The Charity CFO

Higher costs affect nonprofits on two sides: Higher overall expenses for the nonprofit itself Lower revenues from decreased donations Say you run an animal shelter. The cost of cat and dog food is going up, so your expenses are higher to feed the animals in your care. Need Help Facing Nonprofit Accounting Challenges?

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How to Escape the Nonprofit Starvation Cycle

The Charity CFO

The ONE thing that all financially sustainable nonprofits have in common (24:36). For more nonprofit accounting resources check out www.thecharitycfo.com. For more information on how to get your nonprofit financially established so that you can achieve your goals, visit CNRG Accounting Advisory @ [link].

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Accounting: Data Behind Functional Expense Reporting

The NonProfit Times

It is paramount for nonprofit financial leaders to adopt a thorough approach to categorizing and reporting expenses and why it is a cornerstone of fiscal responsibility. This categorization allows nonprofit managers to demonstrate how funds are spent across activities and is essential for transparency and accountability.