Nonprofit Budgeting

Nonprofit budgeting is the process of planning the organization's financial resources to achieve its mission. It involves estimating income from donations, grants, and fundraising, as well as outlining expenses, like salaries, program costs, and administrative fees. A well-structured budget helps nonprofits allocate funds effectively, measure performance, and ensure sustainability. It’s a crucial tool for transparency and accountability, enabling stakeholders to understand how money is being used to support the organization's goals and impact the community positively. Regular reviews and adjustments keep the budget aligned with changing circumstances and priorities.