How many revenue streams does your nonprofit have? Some organizations take the simple yet risky approach of having one main income source, and others depend on multiple revenue streams. While having a diversified portfolio sounds like a safer approach to good financial standing, it is not always the case. Nonprofit Quarterly’s Mark Hager and Chiako Hung have co-authored an article highlighting the positives and negatives of nonprofits maintaining revenue diversification.
Visit the Nonprofit Quarterly website to read the article. If your nonprofit needs a review of your revenue streams, reach out to Cherry Bekaert’s Nonprofits group.
