Most nonprofits have their fundraiser dinners/galas towards the end of the year, so the last three months will be a busy and expensive time for those of us who want to support organizations that promote causes dear to our hearts.
I wish I could support every social service agency, but my resources and finances are limited, so I have to be judicious. I'm also very curious to learn how some are so much better at attracting sponsors and donors and how different organizations price their tickets for their galas.
I'm always horrified, regardless of the reality, by the way many nonprofits account for their finances. Of course they have operational expenses. They have to pay rent and utilities (maybe), salaries (almost always), supplies (mostly), and other expenses. It's when donations primarily cover operational expenses where there is a problem. Funders, donors, and sponsors are not interested in giving money to pay for non-programmatic expenses. This is why even well-established nonprofits get a bad reputation when it comes to accounting.
So, reader, I am asking for your stories. Do you have specific organizations you support? Do you look their their financial statements to make sure they are responsible financial custodians?
As always, please keep it civil and relevant. I promise I will refrain from commenting on your experience, but I might be curious enough to ask questions to better understand your story.
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