Many not-for-profits are poised to grow, but recognize
risks
According to a recent study, Nonprofit Finance Study:
Managing Growth, conducted by not-for-profit software firm
Abila, more than 75% of not-for-profits are at least somewhat
likely to pursue growth through expanded fundraising efforts during
the next 12 to 18 months. In addition, the study also found that
84% of the financial professional respondents expect to seek new
grant funding opportunities through pursuing partnerships with
other organizations (72%), providing new services (69%) and seeking
corporate sponsorships (67%).
The results do not only highlight a desire to grow among
not-for-profits. They also reflect the respondents' recognition
that growth makes risk management more challenging. More than 60%
indicated that, as their organization grows, their ability to
manage risk becomes harder.
