Will Your Business Model Help You Reach $50 Million in Annual Revenue?
Out of the 200,000 or so nonprofits that were created between 1975 and 2008, only 200—that’s 0.1 percent of these nonprofits—have reached 50 million in annual revenues.
When Tracey Palandjian shared this fact in her panel keynote at the Collaborative and Classy Awards, it raised a few questions. Why are so few organizations crossing this milestone? How can social impact organizations adopt business models that support growth and scalability to solve the world’s largest problems? What can our team at Classy do to help address this issue?
Explore Nonprofit Funding
To help you understand the current landscape of nonprofit funding, we created a guide. Below, we walk through what it looks like to raise money for a cause in this day and age.
One of the biggest themes we’ve found is that more and more organizations are exploring how they can make the most impact possible. And more often than not, it’s by following similar practices as some of the most successful companies in the business world.
In this guide, we dig into this shifting industry and cover:
- The different models that have emerged to solve social problems
- The educational programs that support social entrepreneurs
- Nonprofit funding methods and types of funding
- Social enterprise funding
- How to attract funders to help you grow and scale
Discover how new models are changing the impact game and redefining “success” in the social sector below.