Financial Management

Financial management in nonprofit management involves planning, organizing, and controlling financial resources to support the organization's mission. This includes budgeting, monitoring expenses, and ensuring funds are used effectively and transparently. Nonprofits must manage donations, grants, and other income while maintaining compliance with legal and ethical standards. Effective financial management helps nonprofits achieve their goals, sustain operations, and build trust with donors and the community by demonstrating accountability and impact. Ultimately, it's about using money wisely to make a positive difference in society.