Fundraising: Creating a Straighter Path to Revenue Growth
By Guest Blogger: Sherry Quam Taylor Consultant, QuamTaylor LLC Nonprofit organizations are often staffed with sacrificial leaders striving hard toward achieving admirable missions, full of passion and great ideas to make an even greater impact in the world. At the same time, many are struggling to grow beyond their initial successes. Research indicates that 74% of the 1.4 million charitable organizations registered in the U.S. never reach the $500,000 mark in revenue, and most of these never hire more than five employees (Source: Urban Institute’s Center on Nonprofits and Philanthropy). This begs the question: Why is the $500,000 mark such...