Sarah Ford | January 7, 2013

How Small Nonprofits Can Improve Their Fiscal Health

Bookmark and Share  Three-quarters of American nonprofits have annual budgets under $1 million, and most are even smaller. What these organizations lack in size, however, they make up for in impact. They respond to local needs, are absolutely critical to community building, and are staffed by people who understand and care about their communities–communities that have been abandoned by countless others.

Yet, the fragile combination of overworked staff, tight budgets, and less developed financial training leaves small nonprofits deeply vulnerable—particularly in an era of economic uncertainty. But there are ways these groups can improve their financial condition. 

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