New Podcast: The Nonprofit Overhead Myth
There’s a statistic that I share in every webinar and podcast I’m on.
The Urban Institute Center on Nonprofits and Philanthropy says that 91% of organizations never reach $5 million in annual revenue, with 77% failing to reach the $1 million mark.
This stopped me dead in my tracks. I thought, “That is crazy! Why is this occurring?”
And that’s exactly what I’ve been working to solve for over a decade.
For too long, the nonprofit industry has been held to unrealistic expectations and outdated metrics that keep organizations from growing. The most insidious? “Nonprofits should be able to do more on less.”
All those “truths” about overhead? When you have a true needs-based budget backed up by a real financing model that assists you in cultivating relationships with investment-level donors, you find they don’t hold true at all.
Tune in to learn more 🎬 watch the full episode of The Business Behind Fundraising — The Nonprofit Overhead Myth.
What You Will Discover:
✔️More nonprofits should invest more on overhead. I share how I helped an organization triple their revenue in 18 months by spending more money. Life-changing missions require a significant investment in resources, tools, and people.
✔️Turn your team into high-revenue generators. Everyone has the same 8 hours in a typical workday. But is your team using it to the fullest? Every second and every decision must yield those investment-level gifts to fund your organization.
✔️ Hold strategic activities that attract higher-level donors. Having all the money you need to finance your strategic plan starts with identifying what’s blocking your overall revenue growth. Attracting larger, unrestricted gifts from individuals starts with getting real about what your organization truly needs to achieve your vision.
✔️ Know your numbers, your business, and what you need. There’s no reason to evade the topic of overhead costs if you are clear about what your organization needs. Be able to present the math.
✔️Have financial conversations by starting with a proper budget. Digging deeper to discover the proper course of action to reach your financial needs will help you secure those unrestricted funds. Strategic and intentional - that’s the name of the game.
Whenever you’re ready, here are THREE things you can do next:
👣 Follow me on LinkedIn and subscribe to my podcast, The Business Behind Fundraising // I give away insider info every week - the same lessons I teach my clients about what they can do to attract larger gen-ops dollars and add 7-figures+ to their bottom line.
📝 Read my WHITEPAPER to see what’s keep you from having enough gen-ops funding each year // You’ll learn THE BIG FUNDRAISING SECRET that keeps nonprofits from securing money for programs AND infrastructure initiatives in their strategic plans. Here to get it.
📈 Work with me to put your organization on a 2X - 10X revenue trajectory // If you’re raising MILLIONS of charitable revenue each year but scaling your team’s fundraising efforts to match your aggressive growth initiatives feels unclear, just send me an email (Sherry@QuamTaylor.com) with the subject line “grow.” Tell me a little about your org and your need to scale.
P.S. If you’re not raising MILLIONS yet but you are ambitious, want to be there soon, and are ready to invest in scaling, just change your subject line to “ambitious” and I’ll reply with details.
