Non-Profits Turn to Toll Free Numbers to Cut Costs
Posted by Tollfreenumber.ORG at January 24th, 2014
Anyone familiar with non-profit organizations (heretofore referred to as NPOs) knows that their biggest concern is always money: how much funding they are taking in versus how much they are spending. At first glance this sounds no different than any other start-up but unlike a company, whose sole goal is turning a profit for its owner(s) or investors, an NPO seeks channel its resources into maximizing the value they are able to provide to the group(s) to which they administer. Because there is no possible return on investment venture capital firms shy away from investing in NPOs. As a result, these organizations face an uphill battle courting or competing with charities for what little donations they can get.
It is for this reason that NPOs are very tight with what money they have; and understandably so. Just as a business must utilize it’s start-up funding to optimize its potential, so must an NPO. Otherwise potential donors might become disillusioned by perceived waste and donate to other, more professional, charities.
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Category: Numbers