15+ Nonprofit Budget Examples [ Project, Program, Organization ]

Today, people are hungry and hopeless. Perhaps, the poverty-driven population continues to grow. With the helplessness screaming in society, nonprofit organizations work as a team to extend help. From fundraising to operating programs, budgeting helps an organization to set priorities. Therefore, beginning with the right budget plan is an absolute necessity. You can check out non-profit budget examples below to calculate the ways how you can start.

15+ Nonprofit Budget Examples

1. Nonprofit Monthly Budget

2. Non Profit Budget

3. Nonprofit Event Budget

4. Non Profit Annual Budget

5. Non Profit Startup Budget

6. Non-profit Marketing Budget

7. Nonprofit Program Budget

8. Nonprofit Budget Plan

9. Startup Nonprofit Budget

10. Non-Profit Operating Budget

11. Nonprofit Budget Example

12. Nonprofit Organizations Budget

13. Nonprofit Budget Priorities

14. Nonprofit Budget Example

15. Simple Nonprofit Budget

16. Printable Nonprofit Budget

What Is a Nonprofit Budget?

A nonprofit budget is a useful material for every organization when tracking financial records. It is a document that details an organizational expense for projects, charities, and programs. Moreover, it serves as an overview of what to expect monthly or yearly. An organizational budget is typical as it follows the same format and standards with any basic budget plans.

Nonprofit Budget Amid the Pandemic

What do the finances of a nonprofit organization look like during a global pandemic? No one knows precisely except the organization itself. But according to the articles published by the Guidestar, not beyond a $1 million budget is typical for most nonprofits. Although their expense varies, it covers the necessities, such as health, food, shelter, and other services. During a global crisis, the nonprofit should be more transparent with the expense, particularly with decision making. The work plan must align well with the finances of the team. It is complex, especially now that all organizations must strive to remain active in providing what is necessary for the people.

How to Create a Nonprofit Budget

Strategic budgeting is always a problem. Various aspects must be considered, especially when you have a limited fund. If you are in doubt, you can continue reading the following steps to clear out your mind. Now, read on and begin with your plan.

1. Design the Procedure

When making a financial plan, it is always good to begin by collecting the necessary information. Avoid rushing as budget work takes time. With that said, determine the decisions approved by the team. Initiate a financial analysis by conducting research and surveys. Then, secure to create a timeline from the beginning of the process to the end of the year. Generally, transparency is vital in the development of the nonprofit culture. It is always important to begin early when creating your budget.

2. Prepare the Income

What is a nonprofit plan without setting your budget? The fund or revenue decides the activities you can do for the rest of the year. Get the right income. Collect the statements from the donors, such as foundations, corporations, and small business events. Before you lay out the financial budget, make sure to communicate with your donors first. For example, donors will put 50% on the shelter and 50% for the food. They can decide what percentage of the gifts will go for the essential service.

3. Make the Context Clear

As a general standard of every startup budget, adjustments of the current nonprofit agenda and statement must come first. So, secure evaluation of the present finances. Do this by checking the financial report and balance sheets. Then, weigh in economic success and failures. As you finish reviewing the cash flow statement, be articulate with the goals, objectives, and actions of the organization. Remember, your purpose affects the elements you will need to add. So, structure essential line items.

4. Provide the Right Amount

When budgeting, there should be a comprehensive breakdown. Doing so gives more transparency and understanding. To begin with, prepare the income statement. Each amount must come along with the sources of the revenue. It can be overwhelming, but you need to categorize each for easier review. Lastly, you need to take into account that providing an accurate amount, if possible, is substantial. When preparing for business statements, for example, the food is at $2000 every month. A higher or lower estimation could create a high-level clutter. So, avoid that if possible.

5. Calculate and Monitor Your Budget

At this point, you already outlined your content. Now is the time to do the math. So, when doing the calculation, separate the capital from the operational budget. For example, a special event for the kids of a charity home in the neighboring town is scheduled in the second week of August, make sure the budget sheet is separated from the annual report. Add the line items and subtract it with the income. Lastly, when you start using the budget, don’t forget to monitor it regularly.

FAQs

With the many corporations lined up to help nonprofits fund charitable activities, budgeting can be overwhelming. But just like business reports, it needs to be comprehensive and useful for the team. While you invest more in the activities, programs, and events, don’t forget to make your expenses clear. Because of this, you can guarantee not to go beyond the budget and debts.