10 reasons to consider earned revenue to supplement and grow unrestricted surplus revenue

Nonprofit organizations often have a big problem when they try to generate revenue. Most nonprofits rely too heavily on donations and other forms of philanthropic revenue. That can be risky, because philanthropy is based somewhat on whim. The donor has to want to give the nonprofit money. If they don’t feel like giving, the non-profit’s revenue dries up. Securing foundation grants and government contracts can feel equally capricious. So what’s an organization to do? Consider earned income to supplement these important sources of revenue. Here are 10 reasons to consider diversifying your revenue through earned sources.

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Legalities of Earned Revenue: What Nonprofit Leaders Need to Know

In a recent survey of nonprofit leaders about earned revenue, 17 percent said understanding the risks and legal issues was important to them. To clear up confusion and provide insights, I turned to my friend and colleague, nonprofit attorney Morgen Cheshire and founder of Cheshire Law Group in Philadelphia to guide us.

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