cost allocation

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

It’s Budget Season. Are You Accounting for the Right Things?

Jay Wilkinson, Firespring

No doubt you’ve heard about this, and like many good nonprofit leaders, have done your best to refute it.

It’s dubbed a myth for good reason. Yet most nonprofits feel pressured to do as much as possible with as little as possible when it comes to running their organization. The Overhead Myth still exists, and donors still scrutinize nonprofits, wondering what percentage of their gift actually goes toward the “cause.” As if dollars that support infrastructure don’t also support the mission.