Survey Finds Growth Challenges 6x More Likely Without Finance and Accounting Partners
Rising inflation, the affordability crisis, and skyrocketing rents have created significant financial hardships for all sectors of the U.S. economy, including Nonprofits.
Beyond these macroeconomic pressures, Nonprofits are contending with stagnant or declining funding, surging operational expenses, workforce shortages, rising demand for services, regulatory and compliance pressures, and the need to adapt to rapid technological changes:
These challenges are straining Nonprofits’ abilities to fulfill their missions. Many organizations are scaling back services, delaying critical initiatives, or even shutting down operations—leaving vulnerable communities underserved.
For Nonprofit leaders, our research shows partnering with finance and accounting specialists who understand Nonprofit financial management can be transformative.
These partners bring deep expertise in navigating regulatory complexities, optimizing budgets, and ensuring financial transparency to satisfy donor and board expectations. By outsourcing financial operations, leaders can focus on strategic decision-making and advancing their missions, while building a financial foundation that is strong, compliant, and scalable for future growth
Key Highlights:
Efficiency and Growth: Nonprofits that work with a finance and accounting partner are over six times less likely to struggle with scaling their financial functions to support growth.
Operational Stability: 74% of nonprofit leaders report cash flow issues, and 54% need to adjust budgets quarterly. Our solutions help address these pain points, enabling more predictable financial management.
Focus on Mission: The primary benefit noted by nonprofit leaders is gaining more time for mission-driven activities, thanks to streamlined financial processes and expert support.
Cost Savings: By outsourcing, nonprofits significantly reduce costs associated with staffing and financial systems, offering a more sustainable path to growth.
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