3 Ways to Minimize Your Nonprofit’s Overhead Ratio

The virus is likely to stick around until researchers and scientists develop a cure or vaccine — planning for the long-run is now essential. Others may come naturally with the quarantines and social distancing. Since people are working from home more and more, how much will you need to spend on thin...

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Bibliographic Details
Published inNonProfit Pro (Online)
Main Author Matthews, Kayla
Format Trade Publication Article
LanguageEnglish
Published Philadelphia North American Publishing Company North American Publishing Company d/b/a NAPCO Media 19.05.2020
Subjects
Coronaviruses
Costs
COVID-19
Fund raising
Nonprofit organizations
Overhead costs
Pandemics
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Summary:The virus is likely to stick around until researchers and scientists develop a cure or vaccine — planning for the long-run is now essential. Others may come naturally with the quarantines and social distancing. Since people are working from home more and more, how much will you need to spend on things like rent, utilities and maintenance for the office? From your plan, you can reduce overhead spending in some areas, like transportation costs, and focus on the necessary elements, like fundraising.