Tip of the Week: Consider all the revenue options
If you are new to nonprofits, you might not know the wide range of ways that organizations fund themselves. It’s not all about fundraising. In fact, only 13% of it is about fundraising! Statistics Canada identifies these sources of revenue for the average Canadian nonprofit (in 2003, the most recent year available):
Government payments for goods and services – 18%
Federal – 1%
Provincial – 15%
Municipal – 1%
Government grants and contributions – 31%
Federal – 5%
Provincial – 24%
Municipal – 1%
All government sources combined – 49% of revenue
Earned income from non-governmental sources – 35% of revenue
Charitable gaming – 1%
Membership fees – 11%
Fees for goods or services – 20%
Investment income (including interest) – 4%
Gifts and donations – 13% of revenue
Individual donations – 8%
Fundraising organizations and family community foundations – 1%
Disbursements from other nonprofit organizations – 2%
Corporate sponsorships, donations or grants – 3%
Other – 3% of revenue
For each sector (i.e. arts, social services, environment, health, education, etc.) this breakdown of sources is different. For example, arts organizations receive more from corporations — 8%. International causes receive more from individuals — 30%. Email me or post a comment if you would like to know the details for your sector.
Related Posts:
- Tip of the Week: Event accounting
- Free webinar from AFP
- Weathering the Storm: the state of nonprofits in BC
- Big names = big bucks?
- New fundraising policy from the Canada Revenue Agency
