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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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The New Nonprofit Checklist: From Finances to Management

Get Fully Funded

Start earning revenue for the organization. Take steps to incorporate your nonprofit. Organize your resources. When starting your new organization, you’re bound to run into some challenges. Define your nonprofit’s mission clearly. It’s often helpful to talk to a nonprofit accountant during these preliminary stages.

Finance 98
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What you need to know BEFORE you start a nonprofit

Get Fully Funded

Get a pen and paper and start with “This organization exists to…” and complete that sentence over and over, using different words and phrases. Think about your audience as someone who doesn’t know anything about food insecurity, homelessness, first generation college students, or animal abuse. Recruit your first Board: .