Nonprofit organizations have, over the years, proven important to society. They play different critical roles, from providing services to those in need to promoting social change. However, with this importance and privilege comes responsibility. Like any other organization, nonprofits must adhere to various regulations and compliance issues to maintain their status as tax-exempt organizations. As a nonprofit leader, here are some key regulations and compliance issues your nonprofit organizations must address.

For any nonprofit organization, the success of its mission and programs depends on the support of donors. While securing donations is important, it is only half the battle. Retaining them is equally, if not more, important. Here are some reasons why retaining donors is key to the success of your nonprofit:

For any nonprofit, every dollar counts. However, as a leader, you often work with limited resources as you try to save every penny. So, every little amount can be used for mission-critical initiatives. However, just because you are operating with a tight budget does not mean you have to compromise on quality. There are tens of thousands of free or low-cost tools and resources available to nonprofits to help you achieve your goals and advance your mission.

If you are thinking of starting a nonprofit, you are not alone. In fact, the number of nonprofits in the US has grown twice that of for-profit organizations. There are more than 1.6 million nonprofits in the US today, making it one of the areas of interest to most people in the US. This means that if you are thinking of starting a nonprofit, someone might already have your idea. So, you need to do thorough research and ask these six questions before starting your nonprofit.