Running a nonprofit is already an uphill battle, and complications like fraud prevention, staff retention, and fundraising make it even harder. But there are ways to logically and effectively combat each of these issues -and more.
Shocker: No one enters the world of nonprofits to make big money. In fact, the average salary for an executive director position at a nonprofit is around $61k, which is barely above the average income for US workers ($59,039). But thankfully, working at a nonprofit is more than a salary—it can be rewarding beyond compare and a real way to effect change. They say money isn’t everything, right?!
With that said, the truth is that working at a nonprofit organization likely means you’re constantly focused on monetary issues and how to make every single dollar go as far as possible (in addition to fulfilling your mission). From daily operations like purchasing supplies and managing donations to bigger endeavors like handling employee payroll and running annual fundraisers—your organization’s ability to cut costs and quite literally find money makes the difference between mission failure or success.