Changing trends in the Non Profit sector
The rise of philanthropy in recent years is enabling the Non Profit sector to expand much quicker than before. A study conducted on the changing trends in the Non Profit sector shows that donations are expected to increase by 4.7% in 2017. This has been a welcome payoff for the huge efforts being made by Non Profits to encourage people to donate and volunteer more often. To attract more donors, Non Profits have embraced the world of digital marketing and are generating momentum by collaborating and engaging with people on social media. All of this means greater exposure and a larger donor base. However, the more people want to contribute, the more intricate the management of funds becomes. Continue reading
Nonprofits and Asset Tracking Software
In 2015, around 1.5 million nonprofits were registered with the IRS, and this number has only increased in recent years. These organizations have their work cut out for them; they must establish themselves as legitimate, get the right people interested in their initiatives, and manage well-intentioned but inexperienced volunteers all at the same time. Nonprofits can also be extremely asset-intensive, trying to use all the tools and equipment they can get to ultimately lower overheads, streamline operations, and make volunteer effort count. As an example, 35% of all nonprofits registered with the IRS in 2013 identified $5.17 trillion in assets.
How does an organization juggling all the characteristic responsibilities and expectations of a nonprofit manage all its equipment? Below, we’ll look at three of the major problems faced by nonprofits, and how an asset tracking software can help overcome them.