Does Revenue Diversification Actually Work for Nonprofits?
Peak Proposals
NOVEMBER 10, 2021
Nonprofits are always told to diversify their revenue streams. On its face, this advice makes sense. There’s no question that several sources of income provide better financial security than having a single source. The question is, can all nonprofits successfully pursue diversification? Some diversification is going to be required if your organization depends on grant funding because funders typically cap the amount of money that can go toward general operating expenses.
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