Make your mark by benchmarking

Description

Abstract: The word “benchmark” may strike some as organizational lingo, but the practice of benchmarking often proves valuable for nonprofits. Nonprofits that incorporate financial benchmarks into their operations are better at anticipating negative financial trends and may even see revenues climb, expenses drop and efficiencies improve. This article explains the specific benefits of benchmarking and discusses metrics that many nonprofits can use in the process.