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Health Nonprofit Accountability Nonprofits 
Top Nonprofits
MARCH 6, 2025
Working at a nonprofit is a balancing act. While you may easily be able to step into different areas of your nonprofits operations, helping with accounting tasks may not be as simple. What is nonprofit accounting? How does nonprofit accounting differ from for-profit accounting?
The Charity CFO
JANUARY 17, 2022
If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? That’s really all that accounting is, so don’t let the terminology intimidate you. .
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Get Fully Funded
JUNE 5, 2023
When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. Maybe that’s you! I promise you will.
NonProfit Leadership Alliance
AUGUST 20, 2024
Nonprofit professionals know the implications of overhead and may be nervous to disclose just how much they spend on these operational expenses. However, we’re here to explain the importance of nonprofit overhead and debunk prominent overhead myths. What are nonprofit overhead costs?
The NonProfit Times
OCTOBER 15, 2024
Nonprofit employment bested for-profits during the COVID-19 pandemic. percent in nonprofits. It was the second crisis where nonprofits beat for-profits on jobs. Nonprofit employment jumped 5.5% Between 2020 and 2022, employment rose more slowly among nonprofits than for-profits. In 2022, nonprofit employment was 1.4
The Charity CFO
JULY 1, 2024
Choosing the right accounting services is crucial for the financial health of your nonprofit. The right nonprofit accountant helps your organization properly manage its finances, which improves trust and transparency with stakeholders and donors.
The Charity CFO
APRIL 26, 2024
That’s why it’s so important to know what to look for in a nonprofit accountant. The next step is to ask your potential nonprofit accountant a few questions to see if they’d be a good fit for your organization. Here are seven questions to ask a nonprofit accountant before working with them.
Get Fully Funded
FEBRUARY 10, 2025
When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. However, nonprofit accounting is often more complicated than it sounds. Seeking out nonprofit discounts or asking for in-kind donations of new office equipment.
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The Charity CFO
MARCH 28, 2024
Your nonprofit accounting system might not be the most exciting part of your organization, but it’s one of the most important aspects. An effective accounting system helps you stay in compliance with tax and legal regulations–helping you maintain your exempt status. However, effective accounting isn’t just about following rules.
The Charity CFO
NOVEMBER 10, 2022
What should you look for when evaluating nonprofit accounting services? Nonprofit organizations exist to further a mission or goal. The truth is, many nonprofits tend to fumble when it comes to their books. . Benefits of Nonprofit Accounting Services. Nonprofit Accounting Services: More than a Bookkeeper.
The Charity CFO
AUGUST 15, 2023
The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. However, most of it is actually the same.
Get Fully Funded
JANUARY 16, 2024
Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission.
The Charity CFO
DECEMBER 23, 2024
As a nonprofit leader, you’re constantly looking for ways to streamline operations and maximize resources. As a nonprofit organization, there are many pitfalls around payroll and you need to be aware of the rules. Many nonprofits handle payroll in-house or outsource to a payroll provider.
The Charity CFO
MARCH 23, 2023
Nonprofit accounting financial statements may seem like a chore. Nonprofits use financial statements to comply with IRS regulations, build trust with donors, and plan for the future. You may think that nonprofit financial statements are the same as those at for-profit companies, but this is not the case.
Nonprofit Marketing Guide
MARCH 9, 2022
After my college internship at a national performing arts nonprofit was complete, I landed my first salaried job at a large financial services holding company that housed more than 80 different brands. If $54 is still a stretch for your budget, I recommend a free nonprofit account with Canva.
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Bloomerang
FEBRUARY 16, 2024
By learning about and prioritizing nonprofit financial management. The importance of financial management for nonprofits Unlike many for-profit businesses, nonprofits don’t answer to shareholders who are focused solely on increasing revenue. That doesn’t mean having stable financials isn’t crucial for nonprofits too, though.
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NonProfit Leadership Alliance
OCTOBER 5, 2022
The purpose of a nonprofit budget is to help you better plan your income and expenses in order to accomplish your goals. For nonprofits, you’ll use your budget to predict fundraising revenue and ensure those funds will cover all your program and administrative expenses. Choose the best budgeting model for your nonprofit. .
NonProfit Hub
JUNE 29, 2021
This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . I signed on to further a cause, not to be the accountant!
Blue Avocado
OCTOBER 22, 2024
The Gold Avocado series showcases some of the very best content that Blue Avocado has for nonprofit leaders, based on overall popularity, reader response, and quality. This Gold Avocado article highlights eight essential responsibilities of a nonprofit’s treasurer — with a focus on treasurers of all-volunteer organizations.
The Charity CFO
JANUARY 25, 2022
The Statement of Financial Position is the Balance Sheet of a nonprofit organization. It gives you a snapshot of a nonprofit’s financial health at a point in time by displaying what the organization owns (assets), what it owes to others (liabilities), and its value (net assets). What is the Statement of Financial Position?
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The Charity CFO
MAY 31, 2022
It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Because the basics of nonprofit finances are easy to grasp. . For instance….
Getting Attention
MARCH 9, 2015
Please post YOUR nonprofit marketing job here: Featuring jobs with nonprofit organizations, grantmakers, B Corps, and agencies and other vendors serving nonprofits. Account Coordinator, Digital Fenton Communications (Washington, DC). Business Development Manager Nonprofit Finance Fund (New York, NY). Tacoma, WA).
The Charity CFO
DECEMBER 30, 2021
Contrary to what many people envision, a nonprofit audit doesn’t usually start with a letter from the IRS. Instead, an independent nonprofit audit is something you choose to build trust in your nonprofit organization. An audit can be a critical step for a growing nonprofit that needs to raise increasing amounts of funds.
98 
The Charity CFO
MAY 31, 2024
Transparency and accountability are two of the most important factors in nonprofit accounting. Being transparent in your nonprofit accounting helps build trust in your organization. For-profit businesses also call the statement of financial position a balance sheet, and many nonprofits do the same.
The Charity CFO
JULY 12, 2024
The type of accounting your organization uses could be holding you back from getting the most out of your accounting system. While many nonprofits start with cash-basis accounting due to its simplicity, this method often falls short of providing a comprehensive view of a nonprofit’s financial health.
52 
The Charity CFO
JULY 3, 2024
The middle of the year is the perfect time to pause and reflect on your nonprofit organization’s financial health. A midyear financial review helps you identify problems early and align your nonprofit’s financial performance with planned goals. Conducting a review is important, but where do you start?
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Top Nonprofits
FEBRUARY 13, 2024
Nonprofits are typically composed of hardworking professionals who wear many hats. However, some areas of nonprofit work require more specialization. There are three ways for your nonprofit to access accounting services, each of which comes with its own pros and cons: Hiring an accountant in-house.
Nonprofit Fixer
NOVEMBER 20, 2024
When you’re busy leading a nonprofit—developing program strategies, cultivating donors, supporting staff—thinking about accounting and finance can feel like an afterthought. But to be successful, nonprofit leaders need a functional grasp of the basics of nonprofit accounting and financial management.
52 
The Charity CFO
AUGUST 27, 2024
An organization’s Key Performance Indicators (KPIs) provide a clear measure of how well the nonprofit is maintaining financial health while working toward its mission. Many nonprofits must balance their goals with limited resources or strict compliance regulations. Unsure of which KPIs you should be tracking for your nonprofit?
52 
The Charity CFO
APRIL 22, 2024
In many nonprofits, burnout is the emotional, physical, and mental exhaustion of employees due to prolonged stress. Understanding Burnout in Nonprofit Organizations Burnout at work can happen to anyone. Consider these four strategies to improve your workplace culture and reduce burnout in your nonprofit employees.
The Charity CFO
MARCH 29, 2024
Do you know the financial health of your nonprofit organization? Knowing where your finances stand is essential to effective nonprofit management. One of the best ways to get a quick read on your organization’s financial health is to compare your nonprofit budget to actual performance.
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Get Fully Funded
AUGUST 16, 2024
As a nonprofit leader, you’re no stranger to having to make the most of your limited resources. A chart of accounts (COA) is the foundation for all financial reporting. In this guide, we’ll explore the basics of creating and managing a nonprofit COA, starting with three simple steps you can take to develop this document.
Top Nonprofits
JULY 2, 2024
It also involves financial stewardship—the practice of saving, storing, and investing your cash reserves wisely to boost your organization’s long-term financial health. We’ve compiled this list of up-to-date nonprofit cash management statistics and trends to help you get started. 38% of nonprofits report managing investments.
52 
The Charity CFO
MAY 22, 2024
Key Performance Indicators, or KPIs, are an essential part of any successful nonprofit. Choosing KPIs for your nonprofit doesn’t have to be complicated. Keep reading to learn more about some of the most common KPIs for nonprofit organizations and why you might want to use them. Which KPIs are Right for Your Nonprofit?
The Charity CFO
DECEMBER 27, 2023
Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.
The Charity CFO
APRIL 5, 2023
In order to confidently run your organization, it’s important to have a strong understanding of nonprofit compliance requirements. Running a nonprofit is no small feat. What Does Nonprofit Compliance Mean? However, compliance is not always very straightforward and it can be a huge task to undertake on your own.
52 
The Charity CFO
JANUARY 5, 2023
Many nonprofit organizations tend to let their financial management slip on the backburner as they get busy fulfilling their mission. Without a good grasp of your finances, your nonprofit risks: Exposure to fraud. Well, the answer lies in understanding and implementing these 7 essentials of nonprofit financial management.
52 
The Charity CFO
APRIL 24, 2024
A key performance indicator (KPI) is a data metric you can use to gauge the overall success of your nonprofit organization. Let’s explore how you can define your nonprofit KPIs and some examples of common metrics. This, of course, is what makes defining nonprofit KPIs complicated. Have measurable data readily available.
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Top Nonprofits
MAY 24, 2024
According to Double the Donation , board members have a fiduciary responsibility to monitor your organization’s financial activity and health, meaning financial oversight is their job. To receive individualized support for your organization, consult a professional accountant with experience in nonprofit finances.
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The Charity CFO
JULY 19, 2024
Their primary role is to ensure that all transactions are entered into the accounting system with accuracy and consistency. An accurate bookkeeper helps a nonprofit maintain financial transparency and accountability by making it easy to track how funds are received and spent.
The Charity CFO
JANUARY 12, 2024
Financial forecasting is a term you’ll hear thrown around in the business world quite often—but in the world of nonprofits, it can be difficult (and even downright impossible) to plan your organization’s finances with any degree of certainty. What Is a Financial Forecast for Nonprofits?
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The Charity CFO
DECEMBER 22, 2021
Ever wondered why so many nonprofits are stuck in their financial struggles that they end up failing their communities? Want to make sure your nonprofit doesn’t suffer the same fate? Chyla is the Founder and CEO of CNRG Accounting Advisory. She helps nonprofits get financially established so they can achieve their goals.
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Top Nonprofits
FEBRUARY 23, 2024
This data is crucial to effective financial management and nonprofit compliance, especially for annual filings such as Form 990. The details about your staff’s activities can also help you gain a better understanding of how much it costs to fund your nonprofit’s programs. Allocate expenses by functional classification.
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The Charity CFO
JUNE 7, 2023
Nonprofit financial statements. Nonprofit Financial Statements You are likely familiar with the different nonprofit financial statements that are typically included in a reporting package: Statement of Activities Statement of Financial Position Statement of Cash Flows Statement of Functional Expenses But we’d like to dive beyond the surface.
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