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12 Top Financial Metrics Nonprofits Need to Know

Blackbaud

In this post, we’ll break down the key financial metrics every nonprofit should monitor, explain why they matter, and provide actionable guidance on how to use them. The metrics you emphasize will depend on your funding sources, financial situation, and strategic goals. over the fiscal year.

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Why Every Nonprofit Needs a Grant Calendar (And How to Build One)

Millionaire Grant Lady

You scramble to pull budgets, rework your boilerplate, and chase down that missing impact stat from last year. We identified best fit funders for their campaign, developed compelling narratives and metrics to measure impact, and started applying, following the timeline laid out in our grant calendar. Sound familiar? And the results?

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Understanding the Grant Lifecycle: Info for Nonprofits

Blackbaud

Important activities: Gather necessary documents, develop narratives, build budgets, and secure internal approvals. That way, everyone has the same information, and no one is left wondering about grant specifics or budget details. Objective: Monitor grant progress, manage budgets, and ensure compliance throughout the grant period.

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Grant Distribution Best Practices: 5 Tips for Funders

Blackbaud

Consider creating reporting dashboards that clearly display key metrics. These can include disbursement timelines, budget allocation, and project progress. For instance, you could share budgeting templates, provide a referral to a financial advisor, or recommend attending a workshop on managing large-scale funding.

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Top Accounting Tips for Government Grants

Blackbaud

Working with your program and development teams, your finance staff identifies funding gaps, supplies important budget numbers, sets up projects in your accounting software, establishes spending approvals, and creates reporting schedules. Address budget variances and determine how you will spend any remaining funds according to grant terms.

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Guide To Financial Projections and Forecasting for Nonprofit Organizations 

Blackbaud

Financial metrics like donor retention rate, average gift size, and grant application success rates provide a sense of how reliable your funding streams are. Compare your financial metrics, such as overhead costs and revenue diversity, against industry benchmarks to ensure you’re aligned with similar organizations.

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Stewardship Reporting Best Practices for Finance Teams: Tips for Showing Donor Impact 

Blackbaud

If your community outreach programs are grant-funded, your funder likely requires you to report key metrics like the number of individuals served or how you were able to expand your programs into new areas. For instance, a dashboard showing ROI metrics for each program helps fundraisers answer donor questions on the spot.