{"id":5594,"date":"2017-09-14T10:32:46","date_gmt":"2017-09-14T15:32:46","guid":{"rendered":"https:\/\/5bd4f92546.nxcli.net\/?p=5594"},"modified":"2018-09-28T09:43:07","modified_gmt":"2018-09-28T14:43:07","slug":"heres-can-better-managing-nonprofits-money","status":"publish","type":"post","link":"https:\/\/www.bluecotton.com\/blog\/articles\/charity-fundraising\/heres-can-better-managing-nonprofits-money\/","title":{"rendered":"Here’s How You Can Be Better At Managing Your Nonprofit’s Money"},"content":{"rendered":"

Lack of awareness, poor branding, and bad communication can kill a nonprofit very quickly, it\u2019s true. In my experience, however, those aren\u2019t what really puts the nail in the coffin of most charitable organizations that fail. No, that honor goes towards the poor management of funds and resources.<\/span><\/p>\n

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In many ways, running a nonprofit is very similar to running a startup. You need to understand the resources you have at your disposal, and how to best use those resources to achieve your goals – in this case, your charity\u2019s mission. And part of that resource management lies in knowing precisely how, where, and when to spend money (and when to hold onto it).<\/span><\/p>\n

A lot of charities seem to have trouble with that last part. That\u2019s where we come in. Today, we\u2019re going to go over <\/span>some general advice to help you get better at managing your finances<\/span><\/a>, in bullet form: <\/span><\/p>\n