Many nonprofits want to see 10-20% growth (or more!) year over year—and are tasking their fundraising team to make it happen without a clear-eyed view of what it takes.
It’s not that sustained growth is unrealistic, but it becomes harder to raise more money year after year without investing resources (read: money and time!) in the right things to support that growth.
On today’s podcast, we’re going to do a bit of easy math together to see if you’re prepared to meet your growth goals.
Don’t worry—we’ll walk you through it, step by step! If you want to follow along, you may want to grab:
- Your income/expense statement from your last fiscal year
- Your overall donor retention rate
- This worksheet you can download here
By the end of the episode, you’ll have a good idea of just what it will take to meet your growth goals for 2024—and if your goals are realistic in the first place.
➡️ Join our FREE training on how to create compelling fundraising messaging that leads donors to action and raises more money, from more people, more often—simply by changing the words you use: https://www.5minutefundraisingfix.com/register
🤔 What else would you like to know about improving your fundraising and becoming an effective nonprofit marketer? Connect with Mike Duerksen on LinkedIn: https://www.linkedin.com/in/mikeduerksen/
🔔 Follow the Build Good Fundraising Podcast on your favourite podcast app—and never miss a new episode: https://buildgood.com/category/podcast/
❤️ And if you haven’t yet, subscribe to our Youtube channel for more fundraising videos and actionable strategies that will help you grow your revenue and impact: https://www.youtube.com/@buildgood?sub_confirmation=1
Thanks for listening!
#Fundraising #Nonprofit #Philanthropy #Marketing
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