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Non-profit organizations need occasional assessments to ensure peak efficiency and fundraising efforts. It’s advisable to have a third party, like a consulting firm, to maintain objectivity. Evaluations should address unique problems and opportunities, and external sources can provide valuable advice.
A non-profit assessment is an analysis of the operations and fundraising efforts of organizations deemed to be non-profit. These organizations donate much of the funds they receive to charities and other worthy causes. Like profit-seeking businesses, nonprofits need an occasional overview of their organizations to verify that they are operating at peak efficiency and making the most of their fundraising efforts. It is generally advisable for this organization to have its non-profit assessment done by a third party, such as a consulting firm, to ensure that objectivity is maintained throughout the process.
While it may not seem like it, it is just as important for a non-profit organization to operate to its highest potential as it is for a for-profit corporation to do so. These large companies often evaluate their operations to see where their strengths lie, what they can do to improve, and how they should evolve in the future. Since a non-profit organization often needs to answer to a board of directors in terms of money raised, a non-profit assessment is extremely helpful.
There are some key points that must be addressed by a non-profit evaluation. In addition to the obvious examination of strengths and weaknesses, nonprofit organizations have their own unique set of problems and opportunities that must be analyzed. For example, a donor’s relationship with a non-profit organization must be nurtured. Costs should also be kept to a minimum, both in terms of hiring staff and organizational maintenance, so that the lion’s share of fundraising efforts can go to your chosen charity.
Conducting a nonprofit assessment requires a thorough review of all aspects of the organization. Financial records are a solid source of information to show how well a nonprofit is raising money. Just as important is how the public perceives the organization, both in terms of how many people are aware of it and their feelings towards the charity. Focus groups and surveys are good ways to take the public’s temperature towards a specific nonprofit.
While it is possible for an organization to conduct a non-profit assessment, it is not advisable if the organization wants the right answers. This is because the executives who may be causing the problems with an organization may not be willing to point the numbers at themselves. For this reason, it’s a good idea for non-profit organizations to hire some type of external source for evaluation. Consulting firms that specialize in exams for non-profit organizations can be expensive, but their advice can pay off in the long run.
Asset Smart.
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