Candid

Every nonprofit has an EIN. But do you know what EIN stands for? Share your answer in the comments!

While many nonprofit executives are looking forward to higher paychecks this year, this isn’t true across the board. Women leaders, and those at religious, animal-related and arts groups, continue to have lower salaries. Explore more takeaways from Candid’s newly released 2024 Nonprofit Compensation Report: https://lnkd.in/eqmepdFN

“Big bet philanthropy” is the practice of making multimillion-dollar investments in a single nonprofit. The goal is to transform the sector, an issue, or organization by giving the money needed to really make an impact. Cecilia Conrad, CEO at Lever for Change, shares what their organization has learned from making "big bets." 1. Rely on experts to move resources efficiently: instead of creating their own foundation, ultra-high-net-worth individuals can work with existing organizations that have the infrastructure and experience. 2. Trust in collaborative relationships: this means leaving space for grantees to define problems and solutions impacting their work, guide donors on effective ways to measure impact, and minimize report writing. 3. De-risk investments:  Strategic vetting and due diligence by donor collaboratives and organizations like Lever for Change can minimize risk. 4. Give in proportion to the challenge, not organization size. Funders can help build the capacity of small organizations to use the funds effectively.   5. Lift up issues with prize philanthropy: well-designed competitions can elevate important issues and the organizations best placed to address them. 6. Give while you live: more ultra-high-net-worth individuals are giving most of their fortunes away while they’re alive. For more on "big bet philanthropy" and how it impacts nonprofits, read the full article on Candid insights: https://lnkd.in/gqGkn4XK

Don’t let the misconception that market research is expensive and time consuming hold you back from uncovering new opportunities. Get started with these tips from Kerry Hecht, founder and CEO of 10k Humans. 1. Start with desk research. Look at existing reports and data to understand why your audience is passionate about your cause, who's supporting you, and how you can stand out. 2. Leverage existing infrastructure. Survey your donors, volunteers, and supporters to gauge their satisfaction and test new messaging. 3. Take advantage of free resources. There are many free resources on how to design different kinds of research methods, from surveys to focus groups to brainstorming sessions. Learn more about how market research can uncover new opportunities to connect with those who matter most to your mission in our newest article. 

There are a lot of nonprofits (over 1.8 million). And they serve a variety of causes and communities.

Join our team! Help connect people who want to change the world to the data and resources they need to do it. We're hiring for these positions: -Chief Data Officer -Data Services Analyst -Ecosystems Software Engineer -Lead Full Stack Software Engineer -Marketing Specialist -Senior Data Quality Manager -Software Engineering Manager -Cataloging & Collection Development Intern (Fall 2024) -Comms & Brand Awareness Intern (Fall 2024) -UX Research Intern (Fall 2024) Learn more: https://lnkd.in/ef4B8pRS #Hiring #NonprofitJobs

Congratulations to Candid CEO, Ann Mei Chang, for being featured in this diverse group of influential & innovative leaders in The NonProfit Times’ 27th Annual 2024 NPT Power & Influence Top 50 list.   Please join us in celebrating the incredible work done by these honorees in the last year: https://lnkd.in/eTm9atbX

On average, Black-led organizations have 24% smaller revenues and they receive 34% less funding than their white-led counterparts. Echoing Green's Signal Fund is helping to lessen this gap by supporting social innovators. Cheryl Dorsey, president of Echoing Green, shares examples of how this fund is providing support to unique and innovative ideas that drive increased equity for historically excluded groups.

America is facing a housing crisis. It's estimated that the U.S. needs at least 6.8 million more affordable housing units for low-income families. The United Way is on the frontlines of this crisis. Angela F. Williams, JD, M.Div, president and CEO of United Way Worldwide, shares how United Way organizations across the country are addressing the symptoms and root causes of lack of affordable housing.  -United Way of Northwest Arkansas provides low-income families with computers and Wi-Fi, enhancing access to educational and job resources vital for financial independence and secure housing. -United Way of Greater Atlanta’s Motel-to-Home initiative offers a transformative three-step process—outreach, housing, and aftercare—to help families transition from temporary solutions to long-term stability. -United Way of Greater Kansas City’s Eviction Prevention Initiative has successfully helped over 3,000 households avoid eviction since 2020 by providing financial aid and legal resources. -United Way of Greater Los Angeles has been pivotal in addressing homelessness and housing crises through strategic partnerships and advocacy. Read the full article, including more examples from across the country, on Candid insights: https://lnkd.in/eGdWcctB

Almost 73% of nonprofit revenue comes from earned income. But hospitals and universities skew this data, because 93% of their revenue comes in through program fees and services.