Nonprofit finance

Nonprofit finance refers to the management of money within organizations that operate for a social cause rather than for profit. It involves budgeting, fundraising, and financial reporting to ensure that resources are used effectively to achieve their mission. Nonprofits raise funds through donations, grants, and fundraising events, and must balance their books to remain solvent. Transparency and accountability are critical, as stakeholders want assurance that funds are being used appropriately. Good financial practices enable nonprofits to sustain their operations and make a positive impact on the communities they serve.