Maximizing Your Nonprofit Strategy for Minimum Investment
501(c)(3)U was created to offer a roadmap for nonprofits to overcome ineffectiveness and a lack of understanding in order to develop a strategy for reaching sustainability. The areas of expertise that the 501(c)(3)U curriculum covers will empower nonprofit leaders and employees with the knowledge and understanding to take their organizatio
n to the next level. Consider This: The IRS registry included nearly 1.8 million nonprofit organizations in 2012. The most common nonprofit of course is category 501(c)(3) which consists of private foundations and public charities and can receive tax-deductible contributions. Essentially this equates to about 1 nonprofit for every 175 people living in the United States. The largest group of nonprofits falls under the category of “Human Service Providers” which can range from homeless shelters to job training to youth development. In 2010, about three-fourths of charities reported less than $500,000 in annual expenses. However, this large percentage of charities only accounted for 2.2 percent of all spending by public charities. On the other side, only 4 percent of charities reported spending of $10 million or more in 2010, but this small 4 percent accounted for 85.7 percent of all public charity spending. Bottom line: Only a small number of nonprofits are able to achieve true sustainability and most nonprofits will not outlive their founder. Education & Direction.
