- Funding: Nonprofits rely heavily on funding from donors and grants, and a lack of stable funding can greatly impact their ability to carry out their mission. According to a study by the Urban Institute, only 12% of nonprofits have a long-term funding plan in place.
- Board Governance: Nonprofits are governed by boards of directors, and effective board governance is crucial for the success of the organization. However, a study by BoardSource found that only 33% of nonprofit board members felt their board was effective in fulfilling their governance responsibilities.
- Human Resources: Attracting and retaining talented staff can be a challenge for nonprofits, as they often have limited resources and may not be able to offer the same compensation as for-profit organizations. A study by Nonprofit HR found that 35% of nonprofits struggle with recruiting and retaining qualified staff.
- Impact Measurement: Nonprofits are often expected to demonstrate the impact of their work, but measuring this impact can be difficult and time-consuming. According to a study by GuideStar, only 22% of nonprofits are effectively measuring the impact of their programs.
- Adapting to Change: Nonprofits must constantly adapt to changes in the environment, such as changes in funding, laws, and societal needs. A survey by the Nonprofit Research Collaborative found that 53% of nonprofits reported that they were not prepared for the changes and challenges they faced in the past year.
References:
- "Nonprofit Finance for Hard Times" by Urban Institute
- "Leadership Matters: Nonprofit Governance for a 21st Century" by BoardSource
- "2019 Nonprofit Talent and Culture Report" by Nonprofit HR
- "GuideStar Nonprofit Impact Study" by GuideStar
- "2018 Nonprofit Survey" by the Nonprofit Research Collaborative.