posted by TrueNorth Companies on Monday, December 2, 2024
Despite a growing need for public services, many nonprofits are feeling the need to prioritize financial sustainability over investing in tools and talent to advance their mission goals. A 2023 report by the National Council of Nonprofits points to rising staff turnover and unfilled public-facing roles as major concerns, with 72% of respondents citing salary competition and 66% pointing to budget constraints as key challenges. Funding is also a concern, with 70% of nonprofits indicating that they expect charitable giving to decrease or remain flat.