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A nonprofit is a business (it's just a business with a philanthropic purpose), and every business has expenses. That's why nonprofits MUST generate revenue to cover those expenses. *It is the organization's responsibility to cover business costs, not the funders.
Ep 01: Nonprofit Doesn’t Mean “No Profit”
By Amber Wynn5
22 ratings
A nonprofit is a business (it's just a business with a philanthropic purpose), and every business has expenses. That's why nonprofits MUST generate revenue to cover those expenses. *It is the organization's responsibility to cover business costs, not the funders.
Ep 01: Nonprofit Doesn’t Mean “No Profit”