Nonprofit Operating Budget Template
Nonprofit Operating Budget is Important
Every organization throughout the globe faces difficulties in running the business in 2020 due to the pandemic. Still, the show must go on. During 2020 every aspect of your budget is being reevaluated including your nonprofit operating budget.
Extraordinary conditions during the pandemic have forced small nonprofit organizations to operate in a constricted budget than before. However, this is the perfect time for your organization to re-set your strategy and budgeting settings. This will include nonprofit budget.
Nonprofit budget is a document used for planning and predicting expenses. It also allows you to allocate the resources for your organization. This budget will explain the expenses incurred as well as the expected revenue you want to receive in a set period of time.
A nonprofit operating budget will break down your organization’s annual expected revenue and expenses. it will breakdown your revenue by various funding sources and operating expenses by overhead costs and program.
Throughout the year, it is important that you should frequently check and monitor the progress of your nonprofit operating budget. It is recommended to check on it on a monthly, quarterly, and annual basis in order to make sure your organization is on track.
Sample of Nonprofit Operating Budget :
If you have an excess of budget, consider hiring a professional accountant to assist you with monitoring your nonprofit operating budget.
Nonprofit Operating Budget Template | Excel – download