2024 Nonprofit Study
Growing Pains: Overcoming the Challenges that Keep Nonprofits from Achieving Sustainability and Growth
Is Your Nonprofit Built to Last?
Securing funding and staying compliant are among the toughest challenges facing nonprofits today. BryteBridge’s 2024 study highlights the ongoing obstacles nonprofits encounter, from long waits for grant funding to gaps in strategic support.
With actionable insights drawn from 261 nonprofit professionals, our report, Growing Pains: Overcoming the Challenges that Keep Nonprofits from Achieving Sustainability and Growth, offers a guide to sustaining and growing your organization.
Download your copy today to get ahead of these challenges.
Access the Nonprofit Insights Report
Key Findings
Lack of Sustainable Funding
Nonprofits face ongoing challenges in securing reliable funding. While individual and board donations make up the majority of revenue, competition for grants is intense, and many organizations experience long waits for modest grant amounts. To sustain operations, nonprofits must diversify their funding sources.
Legal and Compliance Issues
Navigating legal and compliance requirements remains a significant challenge for nonprofits. From filing the proper documentation to staying up to date with federal and state regulations, many organizations lack the internal resources or expertise to manage these complexities. This can lead to costly errors and even jeopardize an organization’s 501(c)(3) status.
Need for Data-Driven Strategy
Nonprofits often struggle with implementing data-driven strategies to guide decision-making and growth. While many recognize the importance of strategic planning, limited access to tools and expertise can hold them back. Developing a clear, data-informed strategy is essential for long-term success.
A Way Forward
As nonprofits navigate the challenges of sustainable funding, legal compliance, and strategic planning, BryteBridge offers a solution through BryteBridge Connect.
With over 45,000 nonprofits served, BryteBridge brings deep expertise and proven strategies to help your organization thrive. This membership program provides expert-led education, coaching, and support tailored to nonprofits’ unique needs.
Whether you’re building a data-driven strategy or securing diverse revenue streams, Connect gives you the tools and knowledge to succeed. For added peace of mind, members can opt for worry-free compliance services, ensuring all legal requirements are met without the administrative burden.
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