Understanding Nonprofit Financials

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Before you recommend a grant, consider reviewing the nonprofit’s financials. Financials are easy to access in many cases, and they contain a host of insights into how an organization operates and its ability to continue in the future. With just a bit of time and effort, you can get to know organizations better and choose those best equipped to create the changes you seek in the near term or future.

Not every grant warrants in-depth financial review, of course, and not every nonprofit has the capacity to produce perfectly polished financial statements. Financials are just one way of looking at any multifaceted organization. Review financials with a mind to an organization’s unique circumstances and always supplement financials with other information about the nonprofit’s programs, outcomes, staff, and board.

Perhaps more important than the numbers themselves are the stories behind them.

Full article includes sample documents.

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