07/13/2017

Study Breaks Down Nonprofit Growing Pains

Organizational growth comes with side effects

A new report finds that while most nonprofits plan to grow, risk factors and operational complexities raise challenges for growing organizations. The study points out a few things to consider as you develop your organization’s own growth initiatives. Four in five nonprofit officials say it’s important for their organization to keep growing. But growth comes with side effects that can dampen these efforts.

That’s a key finding from a survey of 300 nonprofit finance professionals by Abila, an association software and services provider. Respondents to the Abila Nonprofit Finance Studydefined growth in a variety of ways, from adding new services to serving more people to increasing funding.  But regardless of what growth entails, respondents had big concerns about the challenges that accompany it, particularly related to budget planning, risk management, and relationships and organizational culture.

Sixty-two percent of respondents said that organizational growth tends to make it harder to manage risk.

Please click here to read the complete article on Associations Now.