Finding Room In Your Nonprofit Budget To Do More
Think of a nonprofit that received $50K in donations. Sadly, not all that money went to them. The post Finding Room in Your Nonprofit Budget to Do More appeared first on Keela.
Imagine a nonprofit that received $50K in donations. Sadly, not all that money went to them.
Because of the fees that their donation processing tools charge, they actually lost nearly $2500 in revenue. Some see this as the cost of doing business.
We see this as a barrier to touching more lives with your work.
This organization, which runs a successful mealshare program, wanted to do good better. So they switched over to Keela and saved over $2000 in one year . Here’s how they did it.
Their technology stack consisted of disparate tools – all with minimal monthly charges, that really added up:
• A nonprofit CRMthat could handle at least 1000 contacts,
• An email marketing tool to send out eblasts and newsletters to 1000 contacts,
• A donation processing tool that charges 5% + $0.30 per transaction ,
• And a free version of a project management which provides a few seats that team members must share
Pretty typical, right?
At the end of the year, the cost of their technology (including revenue lost) was about $3520 .
After switching to Keela, this mealshare program was able to eliminate all the tools they were paying for separately, and replace it with one integrated system – at one price. At the end of the next year, the cost of their technology (including revenue lost) was about $1457 .
That’s a difference of $2063.
Saving money at a nonprofit is more than about the bottom line.
The more money you have to play around with, the larger your chance of accomplishing your organization’s mission.
By switching to a solution that consolidates all of your disparate tools, you create space in your budget for:
- that extra resource your program has been needing,
- the extra bit of salary you need to hire an excellent employee,
- a few extra meals prepped for your community
- extra lives touched through your programs
When you save money, you can do even more good.
Want to level up your nonprofit? Talk to a Nonprofit Expert.