New not-for-profit survey released
Grant Thornton New Zealand,
A new survey report into the not-for-profit sector has been released by business advice and chartered accounting firm Grant Thornton New Zealand.
The 2007-2008 report focuses on topical issues affecting the sector and builds on the findings from the 2003 and 2005 surveys.
Key findings to emerge include:
- The three most challenging issues for the Not for Profit sector are financing and fundraising, governance and the retention and motivation of key staff.
- Over half of survey respondents continue to be concerned about the sustainability of their key sources of income. However most organisations are confident about the funding they have in place for the next 12 months with 86% budgeting to make a surplus or at least break-even.
- 60% of respondents believe that their organisation will benefit from the Taxation Changes on Donations announced in the 2007 Budget.
- Not-for-profit organisations define success in terms of making a real difference to users, and building a financially sustainable organisation with sound leadership and management.
- Performance monitoring is largely seen as the domain of the CEO. Not-for-profits are coming under increasing scrutiny and pressure to demonstrate that their activities are delivering 'best value', whether they are competing for the public's charitable donations, grants or public sector service contracts.
The full report is available (in .pdf format) free of charge at: www.grantthornton.co.nz