Budget Versus Revenue Reframing The Way Nonprofit Strength Is Measured

Image for article Budget Versus Revenue Reframing The Way Nonprofit Strength Is Measured
News Source : Forbes

News Summary

  • In the nonprofit world, everything revolves around "the budget," says Larry Bomback
  • In the corporate world, you would never hear a CEO or a founder say something like, “We are a $20 million budget company,” he says
  • Bomback: The nonprofit sector has been conditioned to think in terms of a scarcity mindset
Larry Bomback is the founder of Strategic Nonprofit Finance. gettyWhy do notforprofits equate their companys size with their budget, rather than their revenue?As I spend more and more time n [+3331 chars]

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