06/05/2024

Long-term Resiliency Being Prioritized by Nonprofit Boards

Many are updating their mission, diversifying revenue sources and more

In the face of geopolitical, social and economic concerns, the nonprofit sector is working to adapt to these circumstances and stay ahead.

That's according to BDO’s new “2023 Nonprofit Standards: A Benchmarking Survey,” which asked 250 U.S. nonprofit executives about their organization’s financial outlook and how they’re making changes at this critical juncture.

“We have to take this year in the context of current events,” said Andrea Espinola Wilson, co-leader of BDO’s national nonprofit and education practice. “Nonprofit organizations are looking to ensure their organizations stay strong in the face of these disturbances.”

Please select this link to read the complete article from Associations Now.