Study explores the dynamics of nonprofit growth and its impact on risk management, compliance, and organization culture
July 12, 2017 – AUSTIN, Texas – Abila, the leading provider of software and services to nonprofits, associations and government entities, announced today findings from its Nonprofit Finance Study: Managing Growth. This study explores the trends and challenges associated with nonprofit growth, including how organizations plan to grow in the next few years, growth’s impact on risk management and compliance, and the difficulties maintaining organizational culture during growth.
“Approximately 80 percent of surveyed nonprofits say they plan to grow in the next 12 to 18 months,” said Dan Murphy, senior manager of fund accounting strategy for Abila, and study co-author. “However, oftentimes, with growth comes increased complexity. For example, managing risk, maintaining compliance and retaining an organization’s unique culture becomes more challenging as organizations adopt a wide variety of growth strategies. Those nonprofits that understand and plan for growth now and in the near future will be primed for success.”
Key findings include:
The full report can be downloaded at: abila.com/2017growthstudy.
About the Study
Commissioned by Abila, Finn Partners fielded online surveys to 301 nonprofit finance professionals. To be included in the study, respondents had to state in the survey they still worked for a nonprofit, and their primary role involved finance or accounting. Abila provided lists, and professionals were sent an email invitation to participate. Note that sometimes totals may not add up to exactly 100 percent, due to rounding. The surveys were conducted between May 9 and May 25, 2017.
Abila, part of the Community Brands family, is the leading provider of software and services to associations and nonprofit organizations to help them improve decision making, execute with greater precision, increase engagement, and generate more revenue. With Abila solutions, association and nonprofit professionals can use data and personal insight to improve financial and strategic decision making, enhance member and donor engagement and value, operate more efficiently and effectively, and increase revenue to better activate their mission. Abila combines decades of industry insight with technology know-how to serve nearly 8,000 clients across North America. For more information, please visit www.Abila.com. To subscribe to the Abila blog, visit Forward Together at http://blog.abila.com.