Unlock the Future of Nonprofit Success: Technology Insights for 2024
In an era of rapid technological advancement, the nonprofit sector is embracing digital solutions at an unprecedented pace to maximize impact and efficiency. The 2024 Nonprofit Technology Trends Report delves deep into how nonprofits across Canada are leveraging technology to transform operations and drive greater mission success.
This exclusive report, developed in partnership with Leger, captures insights from 120 nonprofit finance leaders. It explores the challenges, opportunities, and technology trends shaping the sector, helping nonprofit leaders stay ahead of the curve in 2024.
Key Findings & Insights:
- Revenue Growth: 42% of organizations report an increase in revenue over the past 12 months, with a similar outlook for the upcoming year. Learn more about what drives these increases and how organizations can replicate this success.
- Revenue Forecasting: 43% of nonprofits are optimistic about revenue forecasts for the next 12 months. Discover key factors influencing nonprofit financial stability.
- On-Track Performance: 61% of respondents are on track to meet their revenue goals for the year. Gain valuable insights into the factors contributing to consistent revenue performance.
- Mission Achievement Metrics: More than 40% of organizations include performance metrics when sharing mission success. Find out how nonprofits are using data to communicate impact and drive engagement.
Barriers to Success:
Despite the optimism, nonprofits face several internal and external challenges that could hinder growth:
- Staffing Shortages: Many organizations report difficulties in finding the right talent to drive digital transformation, and this issue is expected to persist.
- Lack of Resources: Limited staff and budget constraints are barriers to achieving key priorities like increasing brand awareness and driving digital initiatives.
- Government Funding: Nearly three in ten nonprofits receive government funding to support their digitalization efforts. Learn how these funds are helping organizations accelerate their digital transformation.
Why Technology Matters for Nonprofits in 2024:
The adoption of modern technology solutions is no longer optional—it’s essential for nonprofit success. Organizations are increasingly investing in automation and digitalization to stay competitive, improve operational efficiency, and drive impact.
- Boost Efficiency: Nonprofits are dedicating more of their budgets to digitalization and automation. The report shows how these investments are improving operational outcomes.
- Increased Transparency: Performance metrics and impact data are central to building trust with donors, funders, and stakeholders. Understand how nonprofits are using data to tell their mission-driven stories.
- Enhancing Mission Impact: With the right technology, nonprofits can optimize their financial operations, improve project management, and create better experiences for those they serve.
This article is posted at sage.com
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