If you want to control costs and improve delivery of your not-for-profit’s services, it’s important to calculate and regularly monitor four key ratios. They are: 1) percentage spent on program activities, 2) percentage spent on fundraising, 3) current ratio (representing your ability to pay your bills) and 4) reserve ratio (representing reserves available during temporary cash crunches). Looking at the right numbers is only the start. To ensure you’re achieving your objectives cost-effectively, make sure everyone in your organization is focused on outcomes directly related to your mission.
You may have heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a housekeeper...
As teachers head back to school, they often pay expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct some...
It’s a good time to review your portfolio for tax-saving strategies. The long-term capital gains tax rate is still historically low on appreciated securities...