All posts by Phil Rosenbloom and Emily Triggs

Planning for Growth on Sound Financial Footing

In the current economic climate, many nonprofits are facing a dilemma: increasing demand for their services at a time when financial support for growth is scarce. For those groups that decide to expand to meet the greater need, careful financial planning is essential.

But since normal expenses often increase faster than revenue during times of growth, charities must also have a plan for plugging the budget gaps and a good sense of how long it will take the revenue and expenses to balance out aga…